Caplin, Charles River, First Derivatives and more …

Nordea Markets has selected Caplin Liberator, Caplin Systems’ web streaming server, to deliver trade messages and market data to its new single-dealer platform offering.

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Caplin supports Nordea single-dealer platform

Nordea Markets has selected Caplin Liberator, Caplin Systems’ web streaming server, to deliver trade messages and market data to its new single-dealer platform offering.

Nordea will use Caplin Liberator to deliver real-time trade messages and market data to and from subscribers over its capital markets e-distribution channel, passing automatically through proxy servers and firewalls. 

“Caplin’s technology has provided us with a complete connectivity and subscription management system for streaming our market data,” said Lars Elmegaard-Fessel, head of e-trading channels at Nordea.

Caplin Liberator has been used in over 30 large single-dealer platform deployments including Citi, UniCredit, Crédit Agricole, Nomura, RBS and Standard Bank.

“As a business application capable of supporting hundreds of thousands of users in real-time, Liberator will help Nordea to scale to meet all its foreseeable future requirements and ensure its front-end workflows facilitate a perfect trading experience for its users,” said Mark Tannetta, VP sales for EMEA at Caplin, which specialises in solutions that support development of sell-side single-dealer platforms.

Nordea Markers is a provider of capital markets and investment banking services in the Nordic and Baltic regions. The firm’s e-markets division specialises in providing FX liquidity and related electronic trading services.

Thai asset manager boosts electronic trading capabilities with Charles River 

Thailand’s Krungsri Asset Management has extended its use of front-office tools from technology provider Charles River to support electronic trading in its local securities market. 

Krungsri, one of Thailand’s largest asset management firms, has upgraded to version nine of the Charles River Investment Management Solution (IMS) and has adopted the Charles River FIX Network and Charles River Data Services, to enable electronic trading and provide real-time prices from the Stock Exchange of Thailand. 

Krungsri has been a client of Charles River since 2005 and already uses its IMS for portfolio management, trading and compliance across multiple asset classes. Use of the new services will enable traders to access real-time data to analyse market movements more effectively and increase trade efficiency via electronic execution.

"With added support for Thai bonds in Charles River IMS version nine, we have been able to enhance the user experience and support our projected business growth," said Prasert Impornrugee, chief information technology officer at Krungsri Asset Management. "The addition of FIX electronic trading, together with real-time data services, will help to eliminate manual errors and improve trading reliability." 

A subsidiary of Bank of Ayudaya, Krungsri had 190 billion bhat (US$5.86 billion) in assets under management as of 31 December 2013.

First Derivatives offers Delta Tools to Calypso

Consulting and software provider First Derivatives has launched Delta Tools for Calypso to manage and control its cross asset trading, risk and processing platform.

The monitoring, testing and application management tools is aimed at helping clients to automate and streamline the implementation, rollout and on-going management of Calypso applications. The goal is to reduce costs and improve quality through automation. 

“Not only are application managers and desk owners looking to ensure that mission-critical systems like Calypso are running optimally, so too are regulators and internal audit – and they also want proof,” Keith O’Brien, head of Calypso practice at First Derivatives, said. “It is only through tools and automation that the required consistency and accuracy they want can be achieved. That is why we developed Delta Tools for Calypso to provide the visibility and control they need.”

Fiserv’s TradeFlow enhanced with block-level support

Technology provider Fiserv’s post-trade processing solution TradeFlow has been upgraded with block-level support for SWIFT’s Global Electronic Trade Confirmation (GETC) tool.

TradeFlow will enable SWIFT messaging with block- and allocation-level workflows for confirmation and affirmation, exceptions management and status reporting. 

It will also provide integrated connectivity to other automated trade matching platforms, including Omgeo Central Trade Manager, Omgeo OASYS Direct and MarkitSERV.

“As investment managers continue to strive for higher levels of post-trade operational efficiency, the SWIFT GETC messaging solution is enabling increasing numbers of buy-side firms to reduce operational costs and risks,“ Arun Aggarwal, managing director, UK, Ireland and Nordics, SWIFT, said. “We are pleased that TradeFlow now includes integrated support for GETC, and are certain these enhancements will also help firms meet the new European settlement requirements which are effective as of next year.”