Contract win with major Australian bank
April 10 2012 - 2:00AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
10 April 2012
10 April 2012
First Derivatives plc
("First Derivatives" or the "Company")
Contract win with major Australian bank
First Derivatives (AIM:FDP.L, ESM:FDP:I), a leading provider of
software and consulting services to capital markets industry is
pleased to announce that it has signed an annual software license
with one of the big four Australian banks to implement its Delta
Stream solution within the bank's eFX division.
Delta Stream is First Derivative's leading CEP solution designed
to enable users to capture, store and analyse large volumes of data
within a single platform. It provides users with the framework to
develop and deploy customised analytics that quickly perform
complex calculations on large volumes of underlying market data,
capturing real time market data and allowing unlimited historical
storage of this data.
Delta Stream has been customized to meet client needs by
interfacing with the bank's existing pricing and aggregation
engines and will be able to send orders back for execution. The
system also provides a Matlab[i] interface for analytics for both
quants and traders.
Following closely on the heels of ANZ eFX in Australia and SGX
in Singapore, this win represents another major milestone in First
Derivatives' success in expanding its operations in the Asia
Pacific market.
Brian Conlon, CEO of First Derivatives commented: "I am very
pleased to be working with another one of the big four Australian
banks. This clearly strengthens our position in the Asia Pacific
market as an enterprise software provider."
Rob Hodgkinson, a Director of APAC Operations of First
Derivatives further commented: "This contract win demonstrates
again the versatility and features of Delta Stream in financial
markets. The system will deliver extensive pre and post trade
analytics, but an integral component is the heavy real time quant
analytics usage for optimization and PF trading. FD's consulting
service is a key component of this sale, to deliver key
functionality and technology training to an internal client team
over the next 6 months. There is further interest building in
Singapore, Hong Kong and Tokyo which should see FD further
capitalize on this milestone within the short term."
For further information please contact:
First Derivatives +44 (0)28 3025 2242
Brian Conlon, Managing Director www.firstderivatives.com
Graham Ferguson, Finance Director
Rob Hodgkinson, Director, Asia
Charles Stanley Securities (Nominated
Adviser) +44 (0)20 7149 6000
Russell Cook
Carl Holmes
Goodbody Corporate Finance (ESM Adviser) +353 1 667 0420
Linda Hickey
Finbarr Griffin
The Continuum Partners (Hong Kong - Singapore
- Sydney) +852 6105 8018
Kristin Westlake - The Continuum Partners
Walbrook PR (EMEA) +44 (0)20 7933 8795
Fiona Henson
Paul Cornelius
About Delta
Launched in 2008, Delta is a comprehensive suite of high
performance real-time trading, CEP, market data and risk management
applications. Flagship trading products include Delta Flow, Delta
Algo, Delta Margin and Delta Stream which are used in high volume,
low latency environments.
About First Derivatives
First Derivatives is a global provider of software and
consulting services to the financial services industry. With over
15 years experience working with leading financial institutions, it
continues to deliver technologically advanced, award winning
products and services that anticipate and respond to the evolving
needs of global capital markets. First Derivatives currently
employs over 650 people worldwide and counts many of the world's
top investment banks, exchanges, brokers and hedge funds as its
customers. It has operations in London, New York, Stockholm,
Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong
Kong.
[i] MATLAB (matrix laboratory) is a numerical
computingenvironment and fourth-generation programming language
that allows matrixmanipulations, plotting of functions and data,
implementation of algorithms, creation of user interfaces, and
interfacing with programs written in other languages,
This information is provided by RNS
The company news service from the London Stock Exchange
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