Caplin Systems a star onboarder
One of the new signings will initially use the system to trade FX, while the other will use it for rates. Both banks are expected to go live to external users early in 2009 and to expand to multi-asset trading in the future.
Paul Caplin, London-based chief executive at Caplin, said foreign exchange remains the biggest asset class traded online using Caplin Trader, with bonds and structured products also popular.
Existing clients of the firm include RBS, Calyon, BNP Paribas and UBS. Caplin said
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