Mark-it Partners deploys Caplin RTTP platform
20 April 2004 | 6741 views | 0
UK credit data vendor Mark-it Partners is using Caplin Systems' Real Time Text Protocol (RTTP) technology to collect, process and distribute intraday credit pricing and indices over its Web portal.
Mark-it Partners has installed Caplin's RTTP-based Liberator platform running on Linux, along with Transformer and StreamLink for Excel products, to collect real-time data directly from traders' spreadsheets at contributing banks.
The data is then streamed to Mark-it's database where it is cleaned before being distributed over its Web portal.
Commenting on the implementation, Mark Hunt, director of product development for Mark-it, says: "Key to this decision was the availability of off-the-shelf components that provide a well-tested platform for the reliable delivery of data over the Internet coupled with the use of standard Internet protocols and lightweight deployment to standard browsers at the desktop."
Hunt says the Caplin technology will enable Mark-it to collect and distribute intraday pricing on the most liquid parts of the credit markets, with a view to moving to real-time pricing.