The Middle Eastern firm sought a comprehensive cross-asset system with strong derivatives support to meet increasing client demand as the credit markets expand in the Middle East.

Emirates will gain a consolidated view of profit, loss and risk across asset classes, as well as the ability to trade new complex structured products, and reduce operational risk and costs.

The firm will deploy the Calypso software platform to its locations in Dubai and other regional and international markets.

"In light of the increasing demand for structured products over the past year, and in line with our commitment to adopt best international practices in the banking industry, Emirates NBD has selected Calypso Technology as our business partner to provide us with a comprehensive cross-asset system," says Abdullah Qassem, general manager of information technology and operations at Emirates NBD.