Jyske Bank Chooses Caplin, Progress Software for FX Aggregation

Jyske Bank, a Danish bank headquartered in Silkeborg, has chosen Caplin Systems to work alongside Progress Software for a fully integrated, end-to-end foreign exchange (FX) and e-commerce solution.

The new single-dealer platform, which is set to go live midway through next year, will replace Jyske's existing white label e-commerce solution and support around 200 institutional traders.

Caplin Trader will provide a HTML5 front end for end-user delivery, while Progress Software's Apama Capital Markets Platform is already in place to provide smart order routing, pricing and an aggregated view of the FX markets.

"Progress Software's Apama solution is already powering our online pricing engine and, having evaluated several web delivery technologies, we decided Caplin was the perfect fit for this project," says Lene Papsoe, Jyske Bank's head of department for FX, interest rates and commodities. "Both technologies combined provide a sophisticated framework allowing us to differentiate ourselves in the market and on board multiple asset classes as our business evolves. That this solution will work just as well on mobile platforms, and so future-proofs the business, was also a deciding factor for us."