FTSE Group (FTSE) has gone live with the Caplin Platform as its core technology for the collection, processing and worldwide distribution of Bonds and Gilts index data.
“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. 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,” says Lance Fisher, IT director at FTSE.
Caplin’s technology plays a central role in data acquisition, index calculation and distribution for Bonds and Gilts indices. The Caplin Platform is used to integrate FTSE’s databases, data engines and calculation applications, and to deliver the resulting data to the required destinations.
FTSE operates an extensive portfolio of global and regional indices covering a range of asset classes. Demand for the company’s index skills is growing, as global investment mandates become more and more specialised. Investor appetite for customised indices is particularly strong, and so the company is expanding its technology infrastructure to be able to meet current and future demand.
The Caplin Platform is a suite of software products for on-line financial trading and delivery of real-time market data. It is designed to offer the same quality of service over the internet as traditional trading applications achieve over private circuits. It supports Ajax, FLEX, Java and Windows clients, as well as Caplin Trader.
“The Caplin Platform is one of today’s pre-eminent messaging systems for market data and trading, and we are delighted to work with FTSE. We are proud to add them to our extensive roster of blue-chip clients,” says Paul Caplin, CEO, Caplin.
Caplin’s technology serves over 80,000 end-users in top tier financial institutions such as Citi, Merrill Lynch, Royal Bank of Scotland, UBS, Royal Bank of Canada and ABN Amro.