UniCredit Selects Caplin Trader for e-FX trading
UniCredit’s Markets & Investment Banking Division (MIB) has selected Caplin Trader as the basis of its new online single-dealer portal for FX trading. Caplin signed the deal with UniCredit in September 2008, ending the bank’s intensive six month selection process. UniCredit plans to use Caplin Trader throughout its subsidiary, branch and client network, and it is expected to go live at the end of 2008.
Caplin Trader is a client connectivity platform incorporating a rich Internet application that allows multi-asset trading in a browser. The company says it will enable UniCredit to offer sophisticated online pricing and trading functionality direct to its customers. The advanced drag-and-drop front-end creates a compelling user experience, and the configurable trade model enables institutions to roll out new products quickly and simply.
The fact that Caplin Trader can be accessed from any standard web browser, with nothing to install and no changes to security settings or firewalls, will allow UniCredit to reach the largest possible customer base. Caplin’s technology serves over 80,000 end-users in top tier financial institutions such as Citigroup, BNP Paribas, Merrill Lynch, Royal Bank of Scotland, UBS, Royal Bank of Canada and ABN Amro.