Ashworth to Serve as Caplin CEO
Former CEO and founder Paul Caplin will remain on Board as an executive chairman.
Ashworth has been with Caplin since February of 2014 as the chief operating officer. He's also served as CEO of Fenics Software, held a non-executive director position with Apama and was on the management team of FXall during its listing on NYSE and sale to Thomson Reuters.
"Well I've done it before, so I'm not intimidated by the office," Ashworth tells Sell-Side Technology. "I think the timing is really right."
Ashworth says that it will be business as usual for Caplin Systems as he takes over, with his only immediate focus on strengthening the quantity and quality of the customer-facing people within the company.
"We're particularly good at e-distribution; we're particularly good at single-data platforms," Ashworth says. "We're not going to make any dramatic lurches to the left or to the right."
One change that Ashworth says the company will look to make in the somewhat near future is broadening Caplin's offering. Currently, according to Ashworth, 60 percent of Caplin's business comes from foreign exchange. Customers have begun to request help with fixed income, among other asset classes.
"I suppose it's fair to say that our customers have chosen us in the first place because we have a cross-asset class capability," Ashworth says. "I see us stretching out and doing a little more in the other asset classes in the immediate term."
Ashworth adds that the current regulatory state has led banks to have to clamp down on how much they can spend on internal IT projects. As a result, they're looking to outsource time consuming and costly projects throughout the firm, which should create new opportunities for Caplin.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Capital markets firms wary of cloud overspend
Data architects highlight cost concerns as more and more institutions look to use the cloud for data storage and management.
This Week: ION/LuxSE, BNY Mellon, Nasdaq, and more
A summary of the latest financial technology news.
Nasdaq to market new options strike listing tech to other exchanges
The exchange operator is experimenting with emerging technologies to determine which options strike prices belong in a crowded market, with hopes to sell the tech to its peers.
Former Goldman analyst aims to blend GenAI and synthetic data with start-up
Synthera.ai is taking a novel approach to calculating risk. While promising, industry observers are skeptical.
Waters Wavelength Podcast: Bloomberg’s Tony McManus
Tony McManus, global head of enterprise data division at Bloomberg, joins the podcast to talk about the importance of data in the context of AI and GenAI.
Devil’s Bargain: Closed architecture systems will derail AI ambitions
Rob Flatley explains why closed-off systems will fall flat when it comes to AI adoption.
This Week: First Trust/Bloomberg/New Constructs, Cboe/Metaurus, LTX/MultiLynq, and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
Frank Tarsillo, CTO at S&P Global Market Intelligence, joins the podcast to discuss the firm’s approach to AI, the importance of data, and what might be in store for datacenters in the coming years.
Most read
- Waters Wavelength Podcast: Bloomberg’s Tony McManus
- IMD & IRD Awards 2024: All the winners
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters