Caplin Systems has won several new clients in the US and Canada during the current financial year, and is in discussion with a number of prospective customers in the region. During those discussions it has become apparent that having a permanent local presence would be beneficial both for the company and its customers. As a result Caplin has reactivated Caplin Systems, Inc., and has appointed Jose Cadalzo, an industry veteran of more than 20 years, as General Manager.

It is Caplin's intention to make further appointments so that the US operation will be able to provide sales account management, marketing and professional services for its clients in the Americas.

Cadalzo, who has held a number of key positions in the past, including global head of market data at Chase Manhattan bank and program manager of FI derivative eCommerce at ICAP, commented, "I'm delighted to be joining the exceptional team at Caplin Systems. I'm looking forward to helping to grow Caplin's business in this region and ensuring we deliver world-class service along with our market-leading products to our existing and future customers."

Cadalzo brings a wealth of skills to Caplin's US operation including in-depth knowledge of trading in equities, FI and FX as well as more than 20 years experience of building e-trading systems. He also joins Caplin's management board with immediate effect.

Paul Caplin, founder and CEO of Caplin Systems, said, "Caplin's business in the Americas has increased to the point that it's vital that we have a local presence again. I'm delighted that Jose Cadalzo has agreed to join us - his skills are highly relevant and both we and our American customers are pleased to have him on the team. We will be further expanding the US operation in the coming months to meet the increasing demand for our products and services in this fast-moving and demanding market."