Visit our NATAS stand to see the new Caplin/OpenFin integrated HTML5 solution



North American Trading Architecture Summit logo
Caplin Systems hopes to see you at the North American Trading Architecture Summit (NATAS) on April 23rd at the New York Marriot Marquis.

As well as exhibiting at the summit and participating in the panel discussions throughout the day, Caplin will be demonstrating the new Caplin Trader/OpenFin Desktop integrated offering for building HTML5 Applications.

Caplin CTO Patrick Myles

Patrick Myles, CTO at Caplin, will be on the 10:50 a.m. panel Electronic trading: game-changing platforms and strategies to discuss trading on the web and integrating equities, FI and FX trading architectures.

In addition to the Caplin/OpenFin integrated solution demo, Caplin front end architect James Turner will be doing demos of our new alerts iPad app, as well as demos of Caplin Trader and BladeRunner. We’ll be running these demos at the stand throughout the day, but if you’d like to set a time to come by for a private demo, please email us to arrange.

If you aren’t able to make NATAS but would still like to see any of our demos, click here to get in touch.

Dim Sum anyone? – The internationalization of China’s RMB


China has transformed itself into one the world’s largest economies, second only to the U.S.   The development of China’s economy over the past decade and increased global trade have been the main drivers to RMB globalization.  The Renminbi (RMB) is the official currency of China.  Although RMB traded in the spot onshore market and offshore in Hong Kong are the same currency, it has different exchange rates due to different supply and demand conditions.  Separate currency codes have emerged to represent onshore and offshore RMB.  CNY is used to represent onshore RMB within China while CNH is used to represent offshore trading in Hong Kong. (more…)

Compliance dates for clearing delayed again


Just in case you missed it.

Bill at theotcspace.com and the Streetwise Professor reported on the further delay of rule creation/implementation.

From Bill’s blog re: EMIR “the target date for compliance with EMIR is not 1st January 2013. The new dates stated by David were: Clearing from 1H 2013, Reporting in 2H 2013, Trading (OTFs) in 2014″

From Yahoo via the Streetwise Professor, “Global regulators said on Wednesday they will issue proposals in coming weeks on rules to encourage banks to put derivative trades through a central clearing house, but they won’t be ready for the G20 summit in June.” The article also has some pithy things to say about clearing and centralisation of risk – definitely worth a read.

Evolving Platform Technology & New Markets: A Caplin/ P&L Breakfast Panel


When: 07:45 am, May 31st, 2012

Thomas Lo, CEO & Founder of Financialogix Group

Thomas Lo, CEO & Founder of Financialogix Group

Where: Crowne Plaza Hotel Times Square, 1605 Broadway, New York

Join Caplin Systems at Forex Network New York for this complimentary technology focused breakfast panel.

The panel features experts who will discuss the evolution and future of trading platforms, as well as well as the developments surrounding how technology has lowered the barriers of entry to the marketplace.

• The discussion will focus on the evolution of single-dealer platform technology from the beginning, when traditionally only Tier 1 banks worked to provide their buy-side users with a platform, to the broadening of FX into other markets such as retail that we’ve seen in recent years (amongst many other examples).

• The panel will discuss the specific technological changes that have encouraged this new ease of entry into the marketplace – this will include discussions surrounding the web as a now viable trading platform, SAAS, and the Cloud.

Raj Iyer, VP, Global Markets Product Management, BNY Mellon

Raj Iyer, VP, Global Markets Product Management, BNY Mellon

Moderator:
Colin Lambert, Editor, Profit & Loss

Speakers:

Raj Iyer, VP, Global Markets Product Management, BNY Mellon Global Markets

Thomas Lo, Founder and CEO, Financialogix Group

Jose Cadalzo, US General Manager, Caplin Systems

*The breakfast panel is free to attend both for those who have registered for Forex Network New York and those who are not registered to attend.

Buyside confused over OTC regulation


Interesting article by Phil Davis in the FT today (registration required) about asset managers being required by Dodd-Frank to clear trades through a central counterparty. The article quotes David Field of Rule Financial. Rule have apparently conducted a buy-side survey which confirms several of the consensus opinions of the Clearing and Settlement Working Group (CAS-WG) (which I blogged about last week).

Field said:

The buyside is very confused about the timelines. We conducted a survey on this and answers ranged from September 2012 to December 2014. One even said December 2015.

The article concludes that the buy side is unaware of the timeline and is also unprepared for having to post collateral on deals for the first time.

Interesting read.

How much longer for the Euro?


If you believe that perception is reality, then the perception that the Euro is near to/will collapse is becoming the new norm.

I see from the FT that ICAP has tested its systems to ensure they can still trade in a post-Euro world. Article here (registration required).

How long before the weight of expectations overwhelm the currency?

The secret weapons of e-commerce


Interesting article by Joel Clark in today’s FX week (password required for login): http://www.fxweek.com/fx-week/opinion/2133269/secret-weapons-commerce….”The secret weapons of e-commerce”

Asked by FX Week earlier this month what changes will need to be made to the single-dealer platform model to render it compliant with the likely obligations for swap execution facilities (Sefs), the head of foreign exchange at a top-tier bank described the answer as the “secret weapons programme” now under development at most banks.

Read the full article here: http://www.fxweek.com/fx-week/opinion/2133269/secret-weapons-commerce

Tradeshow November


November 2011 has been a very busy month for Caplin’s marketing team. The company exhibited its single-dealer platform technology at four tradeshows on three continents and also attended an awards dinner and a networking event in London and a tradeshow in Madrid.

November 1st saw Caplin’s Asia sales team in Shanghai for the Chinamoney e-Trading Conference, presented by the China Foreign Exchange Trade System (CFETS) held at the Shanghai Marriott Hotel. This was probably the most complex as it involved translating both our brochures and our software into Chinese. As you can see below, Caplin established a presence at the show and some excellent contacts were made.

Trevor Jarrett and Weisheng Liu at Caplin's booth

(more…)

e-Commerce article in e-Forex April 2011


Back in January I blogged about the launch a survey of e-commerce practices worldwide. We (Caplin) sponsored this survey which was conducted by Lepus. With the help of Robert Smith, head of research at Lepus, I subsequently authored a feature article summarising the main findings of the research; this has now been published in the April 2011 edition of e-Forex magazine.

If you’re an e-Forex subscriber, or if you register free on the e-Forex website, you can read the full article here.

You can, of course, still obtain your own copy of the full research report by visiting this page on the Caplin website.

How the financial sector sees technology as its saviour


Here’s a snippet from a really thought provoking article by Francesco Guerra (click here for the full article from yesterday’s FT - requires subscription or free registration) .

When, a few months ago, I asked Jes Staley, head of JPMorgan Chase’s investment bank, how his industry would survive in an era of lower returns, he answered with two words: “technology” and “revolution”.

Last week, Mr Staley put his servers where his mouth was.  Speaking to a roomful of investors, he revealed that JPMorgan was midway through a five-year plan to reduce its foreign exchange trading platforms from 10 to 2 by using more efficient IT systems.

It raises a lot of questions…..firstly – is a move like this indicative of the growing trend towards single-dealer platforms, or does it represent an opportunity for SDPs?

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