Caplin chosen to power FTSE real-time index distribution

London - 27 September 2010

Caplin’s scalable, high performance, low-latency technology enables FTSE to publish market indices in real-time

Caplin Systems is proud to announce that FTSE Group (“FTSE”), has chosen Caplin’s real-time technology, to speed up the calculation and publication of a range of its index values, to a truly real time service.

The technology enabled FTSE to move the calculation and distribution of its index values from the industry standard 15 second intervals to sub-second frequencies. This service is powered by Caplin’s real-time messaging and web streaming technologies using Caplin DataSource, Caplin Transformer and Caplin Liberator.

The entire system is event-driven in real-time. Caplin DataSource is used both to query a FTSE database that stores information on which instruments make up each index and to acquire real-time instrument price data. These are passed to Caplin Transformer to be validated and normalised.

Kalahari’s kACE analytics platform, to which Caplin Transformer has been interfaced, calculates all FTSE’s indices in real-time. Then Caplin’s high-performance web streaming server, Caplin Liberator, republishes the index values in real-time over the Internet using Caplin’s own Real-Time Transmission Protocol (RTTP). This technology has enabled FTSE to move calculation and distribution from 15 second intervals to sub-second frequencies.

Guy Warren, Chief Operating Officer of FTSE Group, said, “FTSE has become renowned for leading innovation in indexing solutions globally and is the first to meet the markets’ need for financial data delivered in truly real time. By using Caplin’s technology, our clients around the world now benefit from index values based on the most up-to-date underlying market information available. We are delighted to work with Caplin, who perfectly met our requirements for a reliable, efficient real time technology delivery infrastructure through a combination of its expert technology heritage in market data and the Liberator’s high level performance, reliability and scalability.”

Paul Caplin, Founder and chief executive of Caplin Systems said, “The joint implementation at FTSE is unique in terms of the business functionality deployed. However it does demonstrate that the technology on which we’ve based our market leading Caplin Xaqua single-dealer platform framework can reduce time to market for the most complex use cases while being capable of supporting hundreds of thousands of users in real-time. We’re delighted to have been able to help FTSE maintain its leadership position in the publication of over a 1000 real-time indices. The system they’ve implemented is capable of scaling to meet all their foreseeable future requirements.”

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