US-based software provider Calypso Technology has opened a new office in Madrid, with the aim to service the Spanish and Portuguese markets.

Calypso’s Madrid operations will largely incorporate sales and professional services teams, and also act as a link between Calypso Technology and its Iberian and Latin American clients.

Charles Marston, Calypso’s chairman and CEO, said: "Spain is a key market for Calypso. With Spain’s two largest institutions as clients, it makes sense for us to have a direct presence in Iberia for optimum client servicing."

Founded in 1997, Calypso delivers an integrated suite of trading and risk applications for the capital markets function within banks and other companies.