

Australian group Macquarie has migrated its main trading and settlement platform to the cloud.
The platform, called Calypso, is a NASDAQ-created solution that manages end-to-end trading and currency settlement for the group. As reported by ITNews, Calypso has moved to the Amazon Web Services (AWS) public cloud.
Previously, Calypso was running in a data center that was going dark. The migration happened in the span of just one weekend. Justin Buckland, head of post-trade technology program for global markets and commodities at Macquarie Group, told the AWS Financial Services Symposium in Sydney: “We wanted to have a permanent position and that means being on current releases so we can get started.” leveraging what AWS has to offer in the cloud.
The original release wasn’t designed for the cloud, Buckland added, which, in addition to being very complex, made the migration a logistical and technological challenge.
The team spent four weeks preparing for the move. Buckland said the migration was a big risk, and “our mission was to make sure the company didn’t notice the change.”
In addition to the core platform, Macquarie also moved the database associated with Calypso to Amazon Aurora.
Macquarie Group had already migrated its events platform to AWS in 2021 and its core SAP banking system in 2022. In February 2020, Macquarie said it aimed to move its banking and financial services 100% to the cloud by the end of 2022. In August 2024, Adapt reported that the group had successfully migrated 96% of its IT to the cloud.