ABN Amro introduces web-based trading system
Global banking group provides sales staff with real time data
ABN Amro has gone live with a new web-based trading and market data platform which will deliver real time bond inventory data to its global sales staff.
The thin-client technology allows the bank’s bonds division to seamlessly distribute the information to 19 offices and over 300 users.
The web-based application provided by Caplin Systems means the bank avoids having to support costly bespoke applications and networks.
Nick Jackson, fixed income technology portfolio manager, ABN Amro, said: ‘Our previous intranet set-up didn’t have the crucial real-time capabilities that we needed.’
‘When considering a replacement, we quickly ruled out a thick-client solution as being too problematic to deploy across all our offices,’ said Jackson.
The new model provides the bank with an internal market data platform that integrates with the bank’s databases and TIB bus to continuously collect the bond information.
The web platform then distributes it instantaneously using web technology over the ABN Amro intranet.
Users can view the data from any browser with access to the network, without having to configure individual desktops.
Roll-out of the system on Sun Solaris servers in the bank’s London office took three months.
The system provides a complete system for the collection, distribution and management of market data and trade messaging over intranets, extranets and the internet.
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