Technology provider Caplin has announced the addition of cryptocurrencies to its range of technology components for multi-asset trading.
Using its financial markets domain expertise and multi-asset User Experience (UX), Caplin has added a new asset class and further enhanced its platform in response to client requests for a professional and robust crypto trading experience. The platform combines features demanded by institutional traders such as volume ladders, watchlists, and Request For Quote or Request For Stream. Crypto trading is live with one client, significantly improving its customer offering, whilst delivering increased efficiency and scalability, and ultimately enabling market share growth, the firm says.
Caplin’s focus on agile methodology provided the flexibility during development to change elements of functionality, reflecting rapid changes in crypto-market conditions. The platform utilises mobile multi-factor authentication, and monitors the market, proving real-time charts and notifications.
The development means Caplin now supports the trading of FX, equities, futures, fixed income, precious metals, and almost 35 crypto-assets. Its technology platform has been designed with the flexibility for banks and venues to add new assets to the system as required.
“Institutional crypto trading is a new and constantly evolving market, with market leaders focused on providing cutting-edge and user-friendly platforms,” says John Ashowrth CEO of Caplin. “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,” he adds. “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.”