Dutch banking group ABN Amro is using technology from UK-based Caplin Systems to deliver real-time bond inventory data to its global sales staff over the Web.
Caplin says its thin-client technology enables the bank's bonds division to distribute the information seamlessly and reliably to over 300 users across 19 offices.
The technology provides ABN Amro with an internal market data platform that integrates with the bank's databases and TIB bus to continuously collect the bond data. The vendor's Web platform then distributes it instantaneously over the ABN Amro intranet.
Commenting on the implementation, Nick Jackson, fixed income technology portfolio manager, ABN Amro, says: "Our previous intranet set-up didn't have the crucial real-time capabilities that we needed. When considering a replacement, we quickly ruled out a thick-client solution as being too problematic to deploy across all our offices. Instead, we chose Caplin's technology, which has proved to be both reliable and cost-effective, enabling us to deliver quick and accurate decision support information to sales."
Caplin says the implementation took three months, in which time it installed the technology in ABN Amro's London offices on Sun Solaris servers.