Royal Bank of Scotland selects Caplin for FX trading portal. Caplin platform delivers real-time FX pricing direct to the markets

LONDON, 22 June 2004 - Caplin Systems Ltd., the real-time web company, today
announced that the Financial Markets division of The Royal Bank of Scotland
(RBS) has adopted Caplin’s technology to provide real-time connectivity for its FXstream foreign exchange portal. RBS is one of the top-ten global foreign exchange banks by average daily turnover.

Martin Spurr, head of e-ventures at RBS says: "RBS is a major FX market maker in over 60 currencies. We first launched FXstream in 2003, offering live pricing and trade entry to our clients on a 24-hour basis. As market demand increased, it became necessary to upgrade the technology that supported the real-time element of the portal to ensure that it would continue to provide the level of service that our clients expect."

The RBS FXstream offering was upgraded to the Caplin Liberator platform and has been live since February 2004 running on Solaris, together with StreamLink® for Java and associated toolkits. A single Liberator server is capable of delivering 1.25 million user updates per second and can serve over 10,000 concurrent users. Caplin technology connects over 100 institutional customers to RBS’s trading system, allowing them to deal in real time.

Paul Caplin, CEO of Caplin, says: "As FX portals grow in functionality and
number of users, the real-time web architecture on which they are built often begins to struggle. Financial institutions are increasingly looking to us to take the strain. Our technology is built for the high-intensity user, so working with a high-end liquidity provider such as RBS was an ideal project for us."

Other blue chip companies already using Caplin’s web technology to distribute their data include JPMorgan Chase, Lehman Brothers, UBS, CME, NASDAQ, Instinet, ComStock, and Dow Jones News.

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