Ashworth to Serve as Caplin CEO
Former CEO and founder Paul Caplin will remain on Board as an executive chairman.
![john-ashworth john-ashworth](/sites/default/files/styles/landscape_750_463/public/import/IMG/408/305408/john-ashworth-580x358.jpg.webp?itok=sAM95xrh)
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: Startup Skyfire launches payment network for AI agents; State Street; SteelEye and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Standard Chartered’s Brian O’Neill
Brian O’Neill from Standard Chartered joins the podcast to discuss cloud strategy, costs, and resiliency.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Chevron’s absence leaves questions for elusive AI regulation in US
The US Supreme Court’s decision to overturn the Chevron deference presents unique considerations for potential AI rules.
Reading the bones: Citi, BNY, Morgan Stanley invest in AI, alt data, & private markets
Investment arms at large US banks are taken with emerging technologies such as generative AI, alternative and unstructured data, and private markets as they look to partner with, acquire, and invest in leading startups.
Startup helps buy-side firms retain ‘control’ over analytics
ExeQution Analytics provides a structured and flexible analytics framework based on the q programming language that can be integrated with kdb+ platforms.
The IMD Wrap: With Bloomberg’s headset app, you’ll never look at data the same way again
Max recently wrote about new developments being added to Bloomberg Pro for Vision. Today he gives a more personal perspective on the new technology.
LSEG unveils Workspace Teams, other products of Microsoft deal
The exchange revealed new developments in the ongoing Workspace/Teams collaboration as it works with Big Tech to improve trader workflows.