FX news: Crédit Agricole adds Caplin
Caplin Systems, provider of single-dealer platforms for the capital markets, announced this week that Crédit Agricole has gone live with its new online single-dealer portal for fixed income and structured notes trading, developed using Caplin Xaqua and Caplin Trader.
Crédit Agricole follows Nomura, which adopted Xaqua in October last year for its FX offering.
Nick Green, head of fixed income markets e-business at Crédit Agricole CIB, says: “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.”