Caplin Systems, a provider of web technology for capital markets participants, announced on Monday that FTSE Group (FTSE), a global index provider, has gone live with the Caplin platform as its core technology for the collection, processing and worldwide distribution of bonds and gilts index data. Caplin technology is being used by FTSE as its primary data platform in this area.
"FTSE wanted to find a single technology standard that could tie our data elements together internally and manage high volumes of data for onward delivery to quote vendors and clients," says Lance Fisher, IT director, FTSE. "After comparing many technology vendors, we concluded that Caplin could offer the most scalable, cost-effective and reliable platform with the power to form part of our technological backbone, today and in the future. The platform is now live and we are assessing how we might extend the use of this technology in the organisation," he explains.
Caplin says its platform comprises a suite of software products for on-line financial trading and delivery of real-time market data. The Caplin platform is designed to offer the same quality of service over the internet as traditional trading applications achieve over private circuits, and provides low- latency bi-directional messaging over internal networks, external links and the internet.