Caplin Systems is proud to announce that FTSE Group (âFTSEâ), has chosen Caplinâs 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 Caplinâs 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.
Kalahariâs kACE analytics platform, to which Caplin Transformer has been interfaced, calculates all FTSEâs indices in real-time. Then Caplinâs high-performance web streaming server, Caplin Liberator, republishes the index values in real-time over the Internet using Caplinâs 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, âFTSE has become renowned for leading innovation in indexing solutions globally and is the first to meet the marketsâ need for financial data delivered in truly real time. By using Caplinâs 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 Liberatorâs high level performance, reliability and scalability.â
Paul Caplin, Founder and chief executive of Caplin Systems said, âThe joint implementation at FTSE is unique in terms of the business functionality deployed. However it does demonstrate that the technology on which weâve 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. Weâre delighted to have been able to help FTSE maintain its leadership position in the publication of over a 1000 real-time indices. The system theyâve implemented is capable of scaling to meet all their foreseeable future requirements.â