The corporate and investment banking division of Standard Bank has chosen Caplin to provide the framework for its new single-dealer platform (SDP).

With many of the African bank’s corporate and institutional clients wanting more sophisticated electronic trading and other online services, Standard Bank decided to provide both its customers and its own traders with a scalable next generation web-based platform complete with prices, analysis and the ability to execute in multiple asset classes.

James Nicolson, Standard Bank’s head of e-commerce IT (Corporate and Investment Banking), says: “The growth of the internet in Africa determined that online was the only way to go, but we needed to be able to handle the diverse infrastructure capabilities of Developing and Developed markets. We evaluated several technologies but decided on Caplin Trader as it was unique in offering a cost effective solution that lets us build a high-performance robust SDP that’s designed to minimise network traffic and provide excellent resilience.”

The project will utilise Caplin Trader 3, Caplin’s new HTML5 web trading solution. It will pull in the expertise of Caplin Professional Services and be implemented by a 12-person combined Caplin/Standard Bank team. FX and Precious Metals are planned to be the first asset classes of the multi-asset portal to be launched during 2013 and will be initially used for spot, forwards, swaps and orders.

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