The ‘Hybrid-model’ for Single-Dealer Platforms

Here at Caplin we are seeing an increasing number of regional (tier 2 and 3) banks embarking on new SDP projects.

Unlike the top-tier banks, the regional banks typically don’t have the in-house development skills, resources or budgets, and more importantly they have no desire to build a complete Single-Dealer Platform from scratch. What they are looking for is a hybrid-model, which interestingly, over on Tabb Forum SmartTrade talk about a very similar ‘hybrid model’.

This hybrid model works well for banks looking to deliver an SDP project based on: Continue reading

The European bailout explained (we could do with a laugh)

I guess, this has about as much chance of success as anything that the Eurozone governments have suggested!

My thanks to Mike Hill for pointing this out.

Enjoy here

Top banks hiring UX designers for Single-Dealer Platform projects

A quick search using LinkedIn, shows that most top-tier banks have over the past year employed a dedicated Head of UX Design, or User Experience recourse, primarily focused on enhancing the ‘user centric design experience’ of their Single Dealer Platforms.

These banks understand that building a world-class SDP requires far more than ‘just’ a robust execution capability.

Great UX design is about truly understanding your client, and for each client segment you serve, designing a naturally intuitive user experience that seamlessly integrates compelling workflows throughout the pre-trade, trade and post trade life-cycle.

Whilst not all e-commerce teams can justify a dedicated UX resource,

no SDP e-trading project should start without UX design input.

It’s therefore really encouraging to see the value our clients place on the UX design service we provide as part of all our SDP projects. Ensuring that the ‘voice of the user’ is not only heard, but that the end user’s workflow requirements are actually at the heart of all our e-commerce engagements.

In future posts, Duncan Brown, Head of Caplin UX Design Practice, will take us through some recent example work, and explain the UX design criteria behind the design.

Here is the first of them: FX sales traders have all the fun!

#4 in the Problem Solved Series: Building an Equity Deal Entry Ticket

Last week a client asked for a quick demonstration of building deal entry tickets in web trading applications – they have just started building equities DMA into their Single Dealer Platform and had some specific requirements that warranted a bespoke trading workflow and a custom deal entry ticket.

As the client had a requirement to use only native web technology (no Flash, Silverlight or Java) I used Caplin Trader Presenter to build a prototype deal entry ticket. Presenter is a UI framework for rapidly developing web applications; it is particularly well-suited for building trading components as it binds to, and contains adaptors for, complex trading workflows. Doing the same in HTML/JavaScript can be slow and tough to achieve in a performant and low latency manner.

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#3 in the Problem Solved series: Integrating Fixed Income into your Single Dealer Platform

Problem Solved Series #3.

I’ve recently been helping a client with their single dealer platform phase 1 delivery of corporate, sovereign and municipal fixed income products. The first requirement was to deliver fixed income market data to a Caplin Trader application through integration with the bank’s inventory and pricing systems; this short post explains the design of that integration piece.

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Deutsche launches an Autobahn app market

The ‘mighty’ Deutsche Bank has released a faster and easier navigation of their Autobahn suite of electronic trading offerings by launching a suite of ‘bite sized’ Autobahn apps (not to be confused with Apple’s app store).

As Serge Marston, head of ecommerce Sales at Deutsche Bank says…

The Autobahn App Market makes the complex simple, significantly upgrading the experience for our clients with a powerful search engine and an intuitive layout

It’s all about making it quick, easy and as Serge say’s intuitive for users to find what they require fast.

user guide here

Further chatter on using social media ‘tweeting’ as predictive indicators in trading

Social media as predictive indicators for trading – coming to a screen near you soon.

Following on from Mike Hill’s post last month a number of banks we are speaking with are talking (or in social media speak, “tweeting”) about incorporating some form of social media sentiment and correlation analysis as a predictive indicator within their trading platforms – to uncover hidden trading opportunities.

Continue reading