Wachovia expands Calypso use to energy

US financial group Wachovia Corp is to expand its use of the Calypso system to include energy derivatives. Wachovia began trading oil and gas in February.

The bank currently uses Calypso for credit derivatives, interest rate derivatives and foreign exchange options.

San Francisco-based Calypso Technology’s system is a front- to back-office system, used for trading most financial derivatives.

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