Lower Cost and Lower Risk

Once you've decided you need to implement a new single-dealer platform, you can focus the bulk of your available resources on building value added services and differentiating your offering in a way that will delight your customers.

But how do you avoid spending most of your technical effort building a basic financial trading framework, before you even start to add value?

 

Your perfect technology would:

• be low-risk and low-cost 
• embody your own unique look & feel
• present your organisation's unique business advantages
• be sufficiently compelling that clients return to it repeatedly
• support a different user interface for each of your market segments, and
• be easy to deploy

You can achieve exactly this by using Caplin Xaqua.

Reduce the risk

Several major investment banks are running live single-dealer platforms built using Caplin Xaqua. They are trading in real-time with their own users both internal to the bank and external clients. They are trading a variety of financial instruments, most commonly FX, Rates, Credit and FX Options. We also have customers building systems that include Futures and Options, CDSs and structured products. So you know the technology works, that Caplin Xaqua is a proven technology, and you can be sure that in adopting Caplin Xaqua to implement your single-dealer platform you are minimising your project risk.

Reduce the cost

Single-dealer platforms are not new. Banks have implemented them before Caplin Xaqua became available, but they did it by building almost the entire system from scratch. Web streaming technology is widely available, but that gets you only a very small part of the way; you then have to build a whole set of core domain functionality including custom trade flows, market data management and user entitlement systems. Implementing this domain-specific architecture can take the majority of the time and effort, leaving very little time to focus on the really important piece: the added-value that differentiates you from your competitors.

Caplin Xaqua changes this because it implements all the core domain functionality that you will need, in a generalised but highly-configurable set of Abstract Financial Objects that you can quickly enhance and match to the way your firm's trades and workflows operate. This massively reduces the implementation costs and allows you to focus on delivering your services to ensure that you maximise your deal flow and customer retention - which is what the whole project really should be about.

The real benefit, though, is when you want to add more products or a completely new set of financial instruments: You can re-use the existing infrastructure, this can reduce the implementation time to a matter of days rather than months.