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Caplin Introduces New Market Data Platform

Real time Web technology provider Caplin Systems has introduced a new market data platform. Based on the new Caplin Liberator and forthcoming Director software, the company says it addresses all the requirements for Web-delivered market data and improves on performance, control and security.

“Over the past few years, the web has become a near universal medium for information distribution,” says Paul Caplin, CEO of the company. “Yet the $8 billion financial market data industry – one of the largest information businesses – has been left on the sidelines, because the Web lacked certain key capabilities. Our new platform gives the Web the speed, reliability and security demanded by financial institutions while exploiting its innate advantages of global reach, versatility and low cost.”

The company claims that the platform consistently achieves more timely delivery of updates than conventional private networks.

Caplin’s Liberator is successor to the Real Time Text Protocol (RTTP) Global Server. The company says its key features are multiple data priorities for individual users, management of bandwidth on a per user basis, and increased security. Furthermore, the system can support over 30,000 simultaneous users and deliver over 1.25 million updates per second to browser-based applications.

The Caplin Director is an entirely new product that maintains a virtual directory of RTTP sources and steers data requests from a user to any Caplin Liberator server globally. It will enable data from any number of sources to be aggregated in a client’s browser, so that data can travel independently from multiple sources to be merged by Caplin’s WebSheet at the point of delivery.

Separately, Caplin has partnered DataView, creator of Web-based investment analysis tool MarketGauge, to deliver a real time trading and equity analysis tool for market professionals, active traders and investors.

DataView says MarketGauge performs top-down and bottom-up analysis and enables users to monitor index, industry group and sector components and the stocks in their portfolios with dual price/volume gauges that highlight convergence of price and volume.

“MarketGauge is a breakthrough application and RTTP was a natural fit for the product,” says Caplin. “Increasingly, the Web is the channel of choice to deliver professional services to the trading community. Our joint project demonstrates the beneficial effect that current innovative Web technologies are having in the market.”

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