Progress Software and Caplin Systems Announce Trading Technology Partnership

The trend in technology integration continues apace as today Progress Software and Caplin Systems announced a trading technology partnership. This is yet another example of the conjunction of complex event processing functionality (Progress) with order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term capabilities (Caplin) with the desired goal to produce a seamless offering that spans the entire decision-making life cycle in spot FX and other assets classes. The market drive is to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term CEP and order execution technologies in order to harness the power of smart order routing, algo trading and other similar tools. The companies’ joint release is shown below.

Progress Software Corporation (NASDAQ: PRGS), provider of the leading Progress® Apama® Complex Event Processing (CEP) platform, and Caplin Systems Ltd, provider of web trading technology to the capital markets, today announced a partnership to deliver the Progress Apama Capital Markets Platform integrated with Caplin's single-dealer platform framework. The combined solution provides a complete end-to-end e-commerce platform across multiple asset classes, and is fully accessible from a variety of mobile platforms.

The combined solution, first demonstrated in April 2012, has already been selected by a major Northern European Bank for their institutional and retail FX spot and derivatives business. Both Caplin and Progress are widely-deployed in the FX market and the combined offering is a result of significant customer-led demand for an end-to-end solution.

The partnership enables delivery of Caplin Trader, an HTML5 front end that runs on the Caplin Platform, for end-user client access to capabilities provided by the Progress Apama Capital platform. These include algorithmic trading and smart order routing across multiple, aggregated FX spot and derivatives markets, real-time price generation for RFQ and streaming, auto-hedging of risk positions and order internalisation strategies.

Quotes:

• Dr Richard Bentley, Vice President, Capital Markets at Progress Software, commented, “Partnering with Caplin is a natural choice for us, as we both attract customers with similar profiles – banks that require robust, proven technology but need the freedom to tailor their solution and differentiate their offering, as well as confidence that the technology will scale as their business grows.”

• Paul Caplin, CEO, Caplin Systems added, “This partnership brings together two highly compatible and best in class technologies enabling our clients to provide a next-generation trading service. We are delighted but not surprised at how quickly the combined offering is gaining market traction.”