GX Clarke & Co, an institutional dealer in US government and agency securities, is installing Caplin Systems' Liberator server as it bids to double the number of external bond dealers using its online trading portal GXECUTE.com.
GXECUTE.com provides streaming bond prices and full trading capabilities.
The latest version of the Caplin Liberator server runs on Microsoft Windows and supports up to 30,000 concurrent users, benchmarking at 1.25 million user-updates per second.
Caplin toolkits allow dealers to personalise every trade by offering customised pages to different customers. When a trader clicks on an issue, a ticket is automatically generated and completed online.
Robert Zavaro, a partner at GX Clarke & Co, says the GXECUTE.com portal was built in 2001 and now accounts for "an important" percentage of total trades.
"By upgrading to the Caplin Liberator platform, we are future-proofing the business, enabling us to handle the heaviest volumes and any number of users," says Zavaro.
GX Clarke originally implemented Caplin's technology in 1996 with the purchase of PriceMaster. In 2001 the bond house was one of the first financial institutions to adopt the vendor's Real Time Text Protocol (RTTP) technology to create an early version of the GXECUTE platform, which was initially used in-house and then rolled out to selected clients.