Investment bank UBS is delivering real time market data to its clients using Caplin Systems' wide area messaging (WAM) technology.
UBS originally licensed the technology to distribute prices to its staff via browsers and other applications but the bank is now using the system to deliver data to over 500 clients.
Caplin says the system, which is based on its Real Time Text Protocol (RTTP) technology, has enabled the bank to replace its previous manually intensive service of static Web pages supported by phone and fax updates. Now treasury, fund and asset managers can analyse data in real time using just a browser.
The system also routes real-time prices through unmodified firewalls to the client's desktop without any kind of software installation or application download.
Simon Walkden, managing director of IT architecture, UBS Investment Bank, says: "With Caplin's technology we can deliver quality data fast, not just to the browser but directly into our own applications."
Walkden adds that the service can be extended to include new instruments in line with customer demand.
Paul Caplin, CEO of Caplin Systems, comments: "WAM gives UBS the ability to extend its real-time messaging to every corner of the enterprise, and seamlessly out to clients. This cuts the cost of data distribution."