Caplin adds Crypto Trading to Multi-Asset Trading Solution

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Crypto Exchanges

Caplin adds Crypto to Multi-Asset Trading Solution

July 24, 2019
crypto tradingE-trading technology provider Caplin has added cryptocurrencies to its range of components for multi-asset trading in response to client requests for a professional and robust crypto trading experience.
The firm further enhanced the platform to fit customers needs by addressing requests from institutional traders to add crypto trading features such as volume ladders, watchlists, and Request For Quote or Request For Stream. Caplin’s crypto trading is currently live with one client.
Crypto Trader was built on top of Caplin’s mature, market-leading Single Dealer Platform solution. It features crypto tiles, trade tickets, volume ladder, trade confirmation, and customizable watchlists.
The platform, which utilizes modern mobile multi-factor authentication and monitors the market in real-time, now supports the trading of almost 35 crypto-assets, in addition to its already established portfolio of FX, Equities, Futures, Fixed Income, and Precious Metals. Caplin’s platform is flexible enough to add new assets to the system as required by banks and venues.
John Ashworth, Chief Executive Officer of Caplin, commented:
“Institutional crypto trading is a new and constantly evolving market, with market leaders focused on providing cutting-edge and user-friendly platforms. However, clients are also anxious about the way the market will develop, and have asked for a platform that mimics elements of FX trading whilst capturing ‘crypto-specific’ features. Our clients demand speed and flexibility in product development, which is possible because we combine agile processes with advanced technology and many years of financial markets experience. This allows us to accommodate specific client needs while remaining flexible, even in new markets. Our technology platform is built to be easily adaptable to accommodate different assets.  This resulted in crypto trading being added in only 90 days.”

The Caplin Platform has been specifically designed to handle bi-directional real-time price and trading messages. It offers features such as fine-grained adaptive flow control, dynamic list management, real-time permissioning, subject-based routing, and continuous latency monitoring.

In addition, it supports advanced trading functionality in thin-client applications, such as very fast on-demand dynamic filtering and sorting of long instruments or trade lists, and “paging” (lazy-loading) of the result to the client.

Caplin was founded 12 years ago and has provided technology solutions to some of the leading names within the trading industry. Recently, UniCredit chose Caplin Platform and Caplin Trader to build its UC Trader single-dealer platform. Standard Bank, Africa’s largest bank, used Caplin Trader and Caplin Platform to build its own single dealer platform.

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