# Nasdaq Calypso Reviews **Vendor:** Nasdaq **Category:** [Treasury Management Systems](https://www.g2.com/categories/treasury-management-systems) **Average Rating:** 4.5/5.0 **Total Reviews:** 12 ## About Nasdaq Calypso Nasdaq Calypso is a multi-asset, front-to-back capital markets and treasury platform that enables banks, buyside firms, and financial institutions to integrate and automate workflows critical to efficient funding, liquidity, and risk management. The platform facilitates a holistic, real-time view of assets, liabilities, and risk—enabling optimized capital usage in compliance with regulation through dynamic market conditions. Key Capabilities - Front-to-Back Integration: Integrates treasury workflows across front, middle, and back office, including clearing and collateral management - Multi-Asset Support: Exceptional functional and asset class coverage enables banks to quickly roll out new business functions and products - Cloud Deployment: Scalable cloud-native solution with Nasdaq Managed Services (Nasdaq CapCloud) available for efficient and resilient operations - Treasury Foundations: Pre-configured packaged solution with best practice workflows and methodologies for quick onboarding with a streamlined cost base - Continuous Innovation: Frequent product updates ensure proactive compliance with evolving regulation, client demand, and technological innovation ## Nasdaq Calypso Reviews ### 1. I had a Great experience with Adenza **Rating:** 4.0/5.0 stars **Reviewed by:** Adithya P. | Associate - Student Recruitment at MSM Unify, Small-Business (50 or fewer emp.) **Reviewed Date:** January 23, 2024 **What do you like best about Nasdaq Calypso?** I like their service in terms of there customer support i can give them 100/100, they never dissapointmented me, the features are so good so that i can use it very frequently. **What do you dislike about Nasdaq Calypso?** There is no such thing that i dislike the app is easy to use but they has to improve there portal speed. **What problems is Nasdaq Calypso solving and how is that benefiting you?** Iam a working empolyee and i dont get time to check all the stocks or whats going on in the market, so adenza helped me choosing best stocks to invest for future sake and they do great in investment analysis and portfolio management. ### 2. Adenza - One of the best tool for handling complex workflows in the market. **Rating:** 5.0/5.0 stars **Reviewed by:** Cynthia K. | Associate Business Manager , Business Supplies and Equipment, Enterprise (> 1000 emp.) **Reviewed Date:** December 19, 2023 **What do you like best about Nasdaq Calypso?** Adenza is a very user friendly tool that is so easy to use and navigate its features freely. I like its seamless integration with third party software to enhance its efficiency. I like the supportive customer service. It much cost effective and price friendly.it implementation process is much simple and no technical knowledge or expertisee needed. **What do you dislike about Nasdaq Calypso?** The issue i have on this excellent tool is the license cost. It abit pricey and am not please with it. Other its performance is exceptional. **What problems is Nasdaq Calypso solving and how is that benefiting you?** It has been so great in ensuring we do away with manual workflow processes hence leading to accuracy in our transactions and reporting. ### 3. It Makes Transcations Processing Easy **Rating:** 4.5/5.0 stars **Reviewed by:** Isaac G. | Mid-Market (51-1000 emp.) **Reviewed Date:** December 21, 2023 **What do you like best about Nasdaq Calypso?** It makes reporting and processing transactions easy It has helped us meet the diverse market needs Supports global transactions and is very efficient **What do you dislike about Nasdaq Calypso?** Adenza has been amazing and our experience best. No issues **What problems is Nasdaq Calypso solving and how is that benefiting you?** It has been a great trading platform and makes data processing easy. ### 4. Validated market risk module for large GCC bank **Rating:** 4.0/5.0 stars **Reviewed by:** Mihir S. | Assistant Manager, Mid-Market (51-1000 emp.) **Reviewed Date:** March 05, 2023 **What do you like best about Nasdaq Calypso?** Calypso has wide range of functionalities and options for users to choose their desired models in the system. I was impressed by the flexibility Calypso offered in terms of the market risk module for computation of VaR, bootstrapping of interest rate curves, valuation models for vanilla and complex products as well as credit models used for CDS products. It also has functionalities around extracting large set of datas into excel for review and validation. **What do you dislike about Nasdaq Calypso?** An area of work would be to provide the clients with appropriate model documentation for all the models chosen by the clients for their usage. The platform can also be a bit visually appealing and user friendly around accessibility based on business functions. **What problems is Nasdaq Calypso solving and how is that benefiting you?** There was only one option in the previous point to choose. I validated the Calypso platform's market risk module. It performed at par with the market standards set around market risk models. ### 5. Calypso is the most comprehensive and dynamic system **Rating:** 5.0/5.0 stars **Reviewed by:** Asif A. | Head Interbank in Treasury & Capital Markets Group, Mid-Market (51-1000 emp.) **Reviewed Date:** October 30, 2023 **What do you like best about Nasdaq Calypso?** user friendliness and easiness of navigation among various functionalities **What do you dislike about Nasdaq Calypso?** I think mis reports loading could be faster **What problems is Nasdaq Calypso solving and how is that benefiting you?** pricing of various treasury products and their recording and valuation ### 6. It has been one of the best platforms in the trading space **Rating:** 4.5/5.0 stars **Reviewed by:** Shamik B. | Senior Director, Mid-Market (51-1000 emp.) **Reviewed Date:** March 05, 2023 **What do you like best about Nasdaq Calypso?** It is a great tool for Front Office, Back office and Middle office Has great reporting capabilities One can get the problems of Post Trade compliance resolved through this tool Has all capabilities to integrate with interfaces **What do you dislike about Nasdaq Calypso?** Calypso is a complex product It is challenging to get Calyso talent in the market. Getting the right resources with Calypso knowledge is a challenge. Licensing cost is high **What problems is Nasdaq Calypso solving and how is that benefiting you?** It is a great product and helped get rid of custom built inhouse trading platform. It helped to reduce writing millions of lines of code ### 7. Open culture company with lots of learning **Rating:** 5.0/5.0 stars **Reviewed by:** Sagar G. | Senior Analyst, Mid-Market (51-1000 emp.) **Reviewed Date:** March 05, 2023 **What do you like best about Nasdaq Calypso?** Configuration of each and every settings. All configuration for Front office, back office and risk products under one table **What do you dislike about Nasdaq Calypso?** Nothing to dislike Calypso as system involves all necessary items Calypso documentation and learning courses could be better **What problems is Nasdaq Calypso solving and how is that benefiting you?** All the things under one table which helps to reduce complications of multiple systems. ### 8. Best Tool for Trade Life Cycle Management ( Middle Office and BackOffice) **Rating:** 5.0/5.0 stars **Reviewed by:** Andrew G. | Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** August 18, 2022 **What do you like best about Nasdaq Calypso?** Calypso ( now Adenza) is best tool for Capital Market Solutions and Risk and Reporting Projects. It's helping Banks to manage their end to end trade life cycle specially middle office and back office acytiviies' - Awesome tool for Front Office, Back office and Middle office -Provide best reporting and - Solution for Post Trade Processing - Efficient and seamless integration with third party applications **What do you dislike about Nasdaq Calypso?** Calypso is bit complex tool and learning curve is bit longer as compared to other tools. It's because complex architecture. It will be great if some community support provided by Calypso team. **What problems is Nasdaq Calypso solving and how is that benefiting you?** For our bank we are using this tool to manage Capital Market and investment banking. This tool helping my organisation regulatory reporting, middle office and back office activity managment. ### 9. Calypso as a Middle-office and Back-office platform **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Banking | Mid-Market (51-1000 emp.) **Reviewed Date:** October 26, 2019 **What do you like best about Nasdaq Calypso?** From my experience best features of Calypso platform are: -high performance -flexibility (could be quite easily adjusted to the needs of the organisation) -ability to offer automatic solutions for complex manual operations -support from the vendors if necessary **What do you dislike about Nasdaq Calypso?** The main downside during my work was that system got overloaded once in a while which resulted into significant delays in the workflows. However, in most of the cases, Calypso platform was working fine after the restart. The only issue here was waiting till the queue of uprocessed operations gets processed (could take up to an hour). Another drawdown in my region is that there is a lack of experienced Calypso programmers. **Recommendations to others considering Nasdaq Calypso:** I am not sure about the costs, since I was just the end-uder of Calypso platform. But as an end-user, I could recommend using Calypso Platfrom, as it is very adjustable and reliable **What problems is Nasdaq Calypso solving and how is that benefiting you?** Calypso Platform was used for the Back Office purposes (such as trade matching and settlement) and for Collateral management. The main benefit that I realized was the flexibility of the platform: me as a user could draw up any technical requirements for automatization of manual processes and in-house Calypso programmers quite easily implemented them into production environment. Comparing Calypso to other systems, I should note, that it is a very cleaver system that could propose different solutions for any kind of processes. I know for sure that some banks are using it as a front-office system for trading. ### 10. Supervising post implementation **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Banking | Mid-Market (51-1000 emp.) **Reviewed Date:** October 25, 2019 **What do you like best about Nasdaq Calypso?** Open code, coverage of wire range of products and **What do you dislike about Nasdaq Calypso?** Complexity, unclear technical architecture **Recommendations to others considering Nasdaq Calypso:** Veeify its functions against your business requirements **What problems is Nasdaq Calypso solving and how is that benefiting you?** Fx, ir, risks ### 11. Calypso review **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Capital Markets | Enterprise (> 1000 emp.) **Reviewed Date:** August 28, 2019 **What do you like best about Nasdaq Calypso?** Trade capture and risk management is seamless from one platform **What do you dislike about Nasdaq Calypso?** Some of the layouts are cumbersome but can be overcome with experience **What problems is Nasdaq Calypso solving and how is that benefiting you?** Identifying and monitoring risk within multiple portfolios ### 12. Powerful and flexible SaaS strategic platform **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Banking | Enterprise (> 1000 emp.) **Reviewed Date:** December 02, 2018 **What do you like best about Nasdaq Calypso?** Powerful and premium platform that is highly configurable with focus on managing market risk, counterparty credit, maintaining limits. Robust Risk wieghted assets (RWA) calculation which is much better than other commerixan softwares **What do you dislike about Nasdaq Calypso?** Nothing much. Quite a flexible platform. Licensing cost is expensive but worth the innitial investment **What problems is Nasdaq Calypso solving and how is that benefiting you?** Back-office activities, manage standard settlement instructions and RWA calculations. - [View Nasdaq Calypso pricing details and edition comparison](https://www.g2.com/products/nasdaq-calypso/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-22+05%3A38%3A48+-0500&secure%5Bsession_id%5D=521349cc-75d4-453f-b2fb-009b062d5d6c&secure%5Btoken%5D=eb4d1c95fe300bfa7803177ee5ecb8fdba468900b1759f97a6cc15aa475f3703&format=llm_user) ## Nasdaq Calypso Features **Cash Management** - Monitor Cash Positions - Debt and Investments - Cash Pooling - Cash Operations - Schedules - Automated Cash Operations **Agentic AI - Accounting & Finance** - Autonomous Task Execution **Risk and Compliance** - Manage Different Types of Risk - Comply with Financial Regulations - Counterparty Risk Management - Hedging **Analytics** - Cash Balances - Risk Positions and Scenarios - Expiring Contracts and Payments - Direct Spend Analysis **Banking** - Banking Connectivity - Bank Account Management - Intercompany Lending - Automated Banking **Integration** - Financial Systems - Analytics - FX and Trading Paltforms - Multiple Data Sources **Financial Data Transfer** - Data Exchange - Reporting - Access - Integration **Agentic AI - Treasury Management Systems** - Natural Language Interaction - Proactive Assistance - Decision Making ## Top Nasdaq Calypso Alternatives - [Coupa](https://www.g2.com/products/coupa-software-coupa/reviews) - 4.2/5.0 (555 reviews) - [Agicap](https://www.g2.com/products/agicap/reviews) - 4.4/5.0 (338 reviews) - [Rho](https://www.g2.com/products/rho/reviews) - 4.7/5.0 (123 reviews)