Ashworth to Serve as Caplin CEO
Former CEO and founder Paul Caplin will remain on Board as an executive chairman.
Ashworth has been with Caplin since February of 2014 as the chief operating officer. He's also served as CEO of Fenics Software, held a non-executive director position with Apama and was on the management team of FXall during its listing on NYSE and sale to Thomson Reuters.
"Well I've done it before, so I'm not intimidated by the office," Ashworth tells Sell-Side Technology. "I think the timing is really right."
Ashworth says that it will be business as usual for Caplin Systems as he takes over, with his only immediate focus on strengthening the quantity and quality of the customer-facing people within the company.
"We're particularly good at e-distribution; we're particularly good at single-data platforms," Ashworth says. "We're not going to make any dramatic lurches to the left or to the right."
One change that Ashworth says the company will look to make in the somewhat near future is broadening Caplin's offering. Currently, according to Ashworth, 60 percent of Caplin's business comes from foreign exchange. Customers have begun to request help with fixed income, among other asset classes.
"I suppose it's fair to say that our customers have chosen us in the first place because we have a cross-asset class capability," Ashworth says. "I see us stretching out and doing a little more in the other asset classes in the immediate term."
Ashworth adds that the current regulatory state has led banks to have to clamp down on how much they can spend on internal IT projects. As a result, they're looking to outsource time consuming and costly projects throughout the firm, which should create new opportunities for Caplin.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: What is going on?
Is it weird that Euronext bought Substantive? It’s weird, right? Plus WFIC, tick sizes, Microsoft and BlackRock want more datacenters for some reason, and, of course, AI. What does it all mean?
Waters Wavelength Ep. 288: Media’s changing landscape
Wei-Shen and Tony discuss ways to improve the podcast going forward.
Fidelity’s quantum exploration unites theory and proof
The asset manager and Amazon have teamed to put a quantum twist on machine learning.
GenAI could connect ‘constellation’ of vital information technologies
At WFIC, Six Group’s Marion Leslie highlighted the opportunities and risks that the technology holds.
Why can’t we be friends?
The ABA vs most every regulator. LSEG vs BBG. AI vs SaaS. Buy vs build. Lots of drama in the capital markets.
DORA will change the buy vs. build debate… maybe
Waters Wrap: With DORA’s deadline looming, trading firms are having to reassess their long-term tech strategies. Anthony wonders if that means more building and less buying.
JSE rolls out exchange data to cloud Marketplace, built with DataBP
The move—part of a broader cloud migration at the exchange—allows financial firms to connect and subscribe to JSE news, market data, and analytics via the cloud.
The SEC needs a hand with artificial intelligence
The SEC wants to take a tough stance on AI, but it has a talent problem… or a marketing problem. Or both…