Caplin Systems Ltd, providers of real-time web technology, says UBS is providing real time indicative option prices to its clients using Caplin’s wide area messaging (WAM) technology. UBS originally adopted Caplin technology to disseminate real time prices to its employees. Now it has expanded the service to over 500 clients.
“With Caplin’s technology we can deliver quality data fast, not just to the browser but directly into our own applications,” says Simon Walkden, managing director of IT architecture at UBS. “Internally, we’re finding creative ways to use Caplin technology, especially in the monitoring and support space. And as take-up of our portal offering increases, the scalability and high end capabilities that characterise RTTP mean that we can easily extend the service to include new instruments in line with customer demand.”
Caplin’s Real Time Text Protocol (RTTP) has enabled UBS to replace its existing manually intensive service of static web pages, supported by phone and fax updates, with low maintenance, real time web delivery. Now treasury, fund and asset managers can analyse UBS instruments in real time using just a browser. Caplin’s technology routes the prices through unmodified firewalls and proxy servers to the client’s desktop without any kind of software installation or application download.
“We are delighted that UBS Investment Bank has chosen to use Caplin’s technology,” says Paul Caplin, CEO of Caplin. “WAM gives UBS the ability to extend its real-time messaging to every corner of the enterprise, and seamlessly out to clients. This cuts the cost of data distribution in a highly competitive market.”
Other organizations using Caplin’s technology to distribute their data include JPMorgan, the Chicago Mercantile Exchange, NASDAQ, G.X. Clarke & Co. and Lehman Brothers.