Standard Bank Chooses Caplin Trader for Cross-Asset Online Trading

Caplin Systems Ltd, web trading specialist and market leader in single-dealer platform technology, announced that the corporate and investment banking division of Standard Bank, the largest bank in Africa, has chosen Caplin to provide the framework for its new single-dealer platform (SDP).

With many of the bank’s corporate and institutional clients wanting more sophisticated electronic trading and other online services, Standard Bank decided to seize the initiative and provide both its customers and its own traders with a scalable next generation web-based platform complete with prices, analysis and the ability to execute in multiple asset classes.

James Nicolson, Standard Bank’s Head of eCommerce IT (Corporate and Investment Banking), said, “The growth of the internet in Africa determined that online was the only way to go, but we needed to be able to handle the diverse infrastructure capabilities of Developing and Developed markets. We evaluated several technologies but decided on Caplin Trader as it offered a cost effective solution that lets us build a high-performance robust SDP that’s designed to minimise network traffic and provide excellent resilience.”

The project will utilise Caplin Trader 3, Caplin’s new HTML5 web trading solution that allows banks to develop sophisticated, highly differentiated Online Trading

Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term offerings that work across desktop and mobile platforms. The project will pull in the expertise of Caplin Professional Services and be implemented by a 12-person combined Caplin/Standard Bank team. FX and Precious Metals are planned to be the first asset classes of the multi-asset portal to be launched during 2013 and will be initially used for spot, forwards, swaps and orders.

Paul Caplin, founder and CEO of Caplin Systems, commented, “The Standard Bank project will demonstrate how a small team can use a software framework to deliver a fully functioning web trading application quickly and cost effectively. We’re delighted to be working with such a prestigious client in the African financial market, and look forward to our successful collaboration.”

Forex

Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates team wrote a detailed report on single dealer platforms, available in the Q3 quarterly report.