Caplin Systems Ltd, provider of single-dealer platforms for the capital markets, today announced that Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) is now live with its new online single-dealer portal for Fixed Income and Structured Notes trading, developed using Caplin Xaqua and Caplin Trader.
Nick Green Head of Fixed Income Markets e-business at Crédit Agricole CIB, said, "Our objective was to provide our clients with the ability to trade a range of rates-based instruments via the Web. Caplin offered us exactly the functionality we were looking for. Our decision to use the Caplin Trader client framework running on the Caplin Xaqua platform has delivered a compelling user experience to which we have had a very positive user response."
He continued, "The platform provides trading capabilities to internal staff and group companies. We plan to roll this out to other external clients and further extend the range of products."
Caplin Systems worked closely with a team from Crédit Agricole CIB to implement the new system, with Caplin staff working on-site in London and Paris for the final phase of the project.
Currently Crédit Agricole CIB is using the platform to provide EMTN and vanilla IRS execution, and indicative liquid bond pricing. The bank plans to add liquid bond execution and to extend the range of tradable swaps.
Paul Caplin, CEO of Caplin Systems, said: "Crédit Agricole CIB has used Caplin's technology to build a state-of-the-art online portal that can easily be extended and enhanced as the needs of the business evolve. We are delighted to be able to announce another bank live on a Caplin Xaqua-based single-dealer platform".