FX goes mobile with new Caplin app

Caplin FX Mobile, a newly released app from Caplin Systems, is providing banking clients with a means to monitor and manage FX orders using their smartphone and tablets, the company announced today.

A specialist in e-distribution and single-dealer platform (SDP) technology, Caplin Systems released a hosted and managed service called Caplin Direct last year that links up with trading systems to create a customisable SDP – and which has already been picked up by clients such as Citigroup. The new app, which the company says has already been licensed by a major Asian bank, allows clients to use these functions on a range of mobile devices.

Smartphones and tablets are fast taking over from PCs as users’ preferred way of accessing internet apps. By opening up mobile access, says Caplin, banks can give themselves a competitive edge when it comes to customer attraction and retention.

With Caplin FX Mobile you can view executed spot, forward and swap trades, and keep an eye on the FX market through custom watch lists and charts,” said Adam Hawley, Caplin’s Director of Managed Services. “We’ve seen a surge in demand for this functionality in all geographies, but in particular Asia and Latin America.

Now that early concerns around potential compliance and security have been addressed, mobile trading is starting to feature prominently on many firms’ roadmaps,” added Paul Caplin, CEO of Caplin Systems. “At first these were expensive to develop and run, but with our hosted SDP technology and FX Mobile, they are within the reach of almost any bank.”