The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Caplin Launches Caplin Direct SDP-as-a-Service

Caplin Systems’ launch today of Caplin Direct, a hosted, managed single-dealer platform for banks in the FX market, aims to make state-of-the-art SDP capabilities to financial institutions that may not have the budget or technical resources to implement a deployed solution.

According to CEO Paul Caplin, the initiative represents the third generation of SDP development, following earlier phases that saw Tier 1 banks build their own systems, and then Tier 2 players opt for off-the-shelf deployed solutions offered by the likes of Caplin Systems.

The service includes optional pre-trade content such as news and charting, and can be customized for specific user segments such as institutional, corporate, retail and internal sales desks.

In essence, Caplin Direct transforms a traditionally high capital expenditure activity to an operational expenditure model, by offer a full function SDP platform as a service. Moreover, its hosted model means that the system can be deployed in a matter of weeks, rather than the months of implementation required for on-site development.

The new service connects quickly and easily to existing e-trading systems, whether vendor-hosted or deployed. To speed the process still further, Caplin offers standard adapters for many popular trading systems.

Once connected to a bank’s trading system, Caplin Direct provides an ‘out of the box’ SDP, while providing unlimited scope for branding, customisation and extension with unique features and workflows. The platform is based on the same underlying Caplin Platform and Caplin Trader technology used by Tier 1 banks, like Citi whose award-winning Velocity platform uses Caplin technology.

CEO Caplin says the company is in discussions with regional banks around the world, and expects to sign the first client soon. He says the Caplin Direct platform will expand beyond its initial FX market coverage into other asset classes in the coming months, among them equities and futures.

Related content

WEBINAR

Upcoming Webinar: Opportunities of new approaches to electronic trading

Date: 9 December 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Challenged by legacy systems, less than ideal workflows and high costs, front-office trading teams lack the ability to adapt to clients’ evolving needs around integration, speed and multi-asset capabilities. They are also challenged by a capital markets environment characterised...

BLOG

State Street’s Currenex to Provide Trading Technology for New Interbank Crypto Platform

PureMarkets plans to base its new Pure Digital interbank digital currency trading platform on State Street’s Currenex, a high-performance matching engine used to facilitate trading in FX, money market loans and deposits, and precious metals. Pure Digital will offer a fully automated, high throughput OTC marketplace for digital assets and cryptocurrencies, with associated custody services....

EVENT

ESG Data & Tech Summit 2022

This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...