From the Wires
Jyske Bank Partners with Caplin and Progress Software to Deliver FX Solution
By: Business Wire
Nov. 21, 2012 08:04 AM
Progress Software Corporation (NASDAQ: PRGS) and Caplin Systems Ltd. have today announced they are partnering to provide a fully-integrated, end-to-end FX e-commerce solution for Jyske Bank, one of Denmark’s largest banks.
The solution replaces Jyske’s existing white label e-commerce solution and extends Jyske’s current deployment of the Progress® Apama® Capital Markets Platform for FX liquidity aggregation and smart order routing. Expected to go live in the second half of 2013, the solution will initially support some 200 institutional traders and will be rolled out to Jyske’s retail clients in due course.
By overhauling its eFX solution with this new single dealer platform Jyske Bank will provide an exceptional trading experience for its institutional clients across FX spot, forwards and swaps. The bank has selected Caplin Trader, an HTML5 front end that runs on the Caplin Platform, for end-user delivery. The Caplin solution will seamlessly integrate with Progress Software’s Apama Capital Markets Platform to provide a bird’s eye view of aggregated FX markets in real-time and perform smart order routing, real-time pricing of spot and derivatives, auto-hedging and more.
About Jyske Bank
Jyske Bank employs a staff of about 3,809 and operates 109 Danish branches, which makes it the second largest independent Danish bank. It offers a full range of financial solutions to retail as well as small and medium-sized corporate clients.
Origin and special features
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership. Progress Software can be reached at www.progress.com or 1-781-280-4000.
Progress and Apama are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.
About Caplin Systems
Caplin Systems provides components and tools for building multiproduct web trading applications and single-dealer platforms to run in a standard browser. These are also available as a complete integrated enterprise development and testing framework.
Our technology serves over 100,000 end-users at financial institutions
that include Barclays Capital, Crédit Agricole, Citi, Fannie Mae,
Nomura, RBS, Standard Bank, UBS and UniCredit. Caplin Systems is
privately held and head-quartered in the City of London with an office
in New York.
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