Nordea Bank Selects Caplin Systems for Its Single Dealer Platform

The e-distribution specialist and single-dealer platform technology provider, Caplin Systems, announced today that Nordea Markets has selected Caplin Liberator, Caplin’s web streaming server, to deliver trade messages and market data to their new single-dealer platform (SDP) offering.

Nordea Markets is among the leading Nordic Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers offering financial services across multiple asset classes. This move follows other Scandinavian banks, UniCredit and Jyske which had previously adopted Caplin technology.

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

“As the result of many years of intensive development and optimisation, Caplin Liberator has become widely acknowledged as the leading e-distribution solution,” says Mark Tannetta, VP Sales (EMEA) at Caplin. “As a business application capable of supporting hundreds of thousands of users in real-time, Liberator will help Nordea to scale to meet all their foreseeable future requirements and to focus on ensuring their front end workflows facilitate a perfect trading experience for their users.”

“At Nordea we create superior value for our customers and long term customer relationships. One aspect of this is a state of the art SDP with a reliable, efficient real-time technology delivery infrastructure,” says Lars Elmegaard-Fessel, Head of e-Trading Channels at Nordea. “Caplin’s technology has provided us with a complete connectivity and subscription management system for streaming our market data.”

Caplin Liberator was first developed in 2000 and since then has been used in over thirty large single-dealer platform deployments, according to the company, including brand names such as Citi, UniCredit, Crédit Agricole CIB, Nomura, RBS and Standard Bank. Handling thousands of concurrent users, a single instance can deliver hundreds of thousands of updates per second, and as the developer claims is specially designed to minimize message latency.

“We’re delighted to be working with one of the biggest banks in Scandinavia and are pleased they are using Liberator to support their dedicated e-distribution channel,” says John Ashworth, Caplin Chief Operating Officer. “We’ve enjoyed great success in Scandinavia and look forward to collaborating with Nordea to help them maximise growth via their e-distribution channel.”