01/05/2014: For the second year running Caplin was delighted to scoop an award at the Sell-Side Technology Awards, held in New York earlier this month. Last year Caplin won the award for Best Implementation at a Sell-Side Firm with ZKB and this year Caplin’s FX Motif won the award for Best Sell-Side Web-Based Development Environment.
The FX Motif is a ready-made starting point for building SDPs and has proven to cut the cost of building an online FX trading platform by more than 75% and typically reduces time-to-market from an industry average of one to two years to typically three to four months. Since its launch in only September last year, the technology is live in four key regional banks including Standard Bank, Jyske Bank and Westpac, while ECN FastMatch went into production with FX Motif in just 68 days. Currently we’re busy implementing a further five more FX Motif projects, while the same technology is also being used to deliver mobile and other asset class solutions.
The awards, which recognise the year’s leading sell-side technology achievements, are decided by a panel of eight judges including sell-side CIOs/consultants and Waters’ senior staff.