Caplin Systems Inc., specialists in web technology, says G.X. Clarke & Co., the US government securities bond trading firm, is upgrading to Caplin’s Liberator server.
Clarke is increasing the usage of the real-time on-line portal to double the total number of external bond traders with connectivity via the Internet. The portal, GXECUTE.com, provides streaming bond prices and full trading capability.
“Our business and our clients have benefited from Caplin’s technology for some seven years now and we are excited to expand its usage further to make it a core focus of our technology strategy,” says Robert Zavaro, a partner at G.X. Clarke & Co. “We first built GXECUTE.com in 2001 and it has been a run away success, and now accounts for an important percentage of our total trades. By upgrading to the Caplin Liberator platform, we are future-proofing the business, enabling us to handle the heaviest volumes and any number of users.”
The latest version of the Caplin Liberator server runs on Microsoft Windows and supports up to 30,000 concurrent users, benchmarking at 1.25 million ,user-updates per second.
GXECUTE is a fully interactive trading portal. Caplin toolkits allow the dealer to personalise every deal, by offering customised pages to different customers. When a trader ‘clicks’ on an issue, a ticket is automatically generated and then completed on line.
G.X. Clarke has a long standing relationship with Caplin and originally invested in its technology in 1996 with the purchase of PriceMaster. In 2001 the bond house was one of the first financial institutions to adopt the award winning RTTP (Real Time Text Protocol) to create an early version of GXECUTE, which was initially used in-house and then rolled out to selected clients. The latest version allows G.X. Clarke to more than double that external user base.
“G.X. Clarke’s continued success in the market and its clients’ enthusiasm for our technology is extremely rewarding,” says Paul Caplin, CEO, Caplin. “We are proud to have such an innovative partner and look forward to supporting G.X. Clarke for many years to come.”
Other blue chip organisations using Caplin’s technology to distribute their data include JPMorgan Chase, UBS, CME, Nasdaq, Comstock, and Dow Jones News.