Caplin Debuts Web-Based Trading Platform
FX and fixed income are rapidly moving toward electronic trading, says Paul Caplin, founder and CEO of Caplin Systems. "In FX, online trading portals are considered essential and the fixed-income market is now following that trend," he adds.
Although most major investment banks already have online trading portals, these prototypes are often not robust or functional enough to meet customer requirements, says Caplin. "Banks need truly scalable and functionally rich online portals in order to cost-effectively extend online trading to their mid- to low-tier clients."
The new release offers an alternative to the typical sell- to buy-side offerings, enabling a range of FX and fixed-income instruments to be traded online, add company officials.
Caplin Trader was built using Asynchronous JavaScript and XML (AJAX) and runs on any server, says Paul Caplin, founder and CEO of Caplin Systems. "Most clients would use application servers, such as Apache Tomcat, WebSphere or WebLogic running on Linux, Sun Microsystems Solaris or Microsoft Windows," he adds.
The offering also uses real-time data provided by the Caplin Platform, the vendor's Web-enabled market data and trade messaging distribution system, which runs on Linux and Solaris.
Users can access the application from any standard Web browser without installing additional software or changing security or firewall settings, says Caplin. "Users can get functionality as good as any conventional application and anyone who wants to trade with them anywhere can simply go to that Web address," he adds.
Caplin Trader's drag-and-drop framework comprises as series of standard components including product grids, trading panels, trade blotters, trading tickets, product and instrument search, charts and news displays. Banks can also create their own components, customize appearance and configure the trading logic to meet their precise requirements, say vendor officials.
The application's ubiquitous deployment and functionality enables banks to target a wide range of users and build advanced trading portals, add officials.
Currently, one tier-one bank has been developing a cross-asset single-dealer portal trading portal based on Caplin Trader over the past year, says Caplin, who declines to name the institution. "We're just about to start projects with other banks based on Caplin Trader," he adds.
Cecilia Bergamaschi
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