First Derivatives PLC Collaboration for "Bandwidth Exchange"
May 21 2012 - 2:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
21 May 2012
First Derivatives plc
("First Derivatives")
Pioneering collaboration for "Bandwidth Exchange"
First Derivatives (AIM:FDP.L, ESM:FDP:I), a leading provider of
software and consulting services to the capital markets industry is
pleased to announce its pioneering collaboration with BT, Amartus,
Intune Networks and Nokia Siemens Networks in exploring the concept
of Bandwidth trading.
Currently, bandwidth is purchased under forward contracts which
are traded in Over-The-Counter (OTC) transactions. First
Derivatives, Amartus, Nokia Siemens Networks and Intune Networks
are pooling their expertise to research the possibility of creating
a commercially viable bandwidth exchange marketplace under the
sponsorship of BT. This new concept would allow new revenue streams
to be created through the securitisation of Bandwidth as an
exchange tradable commodity for telecom companies and other service
providers.
A live demonstration of the Bandwidth Exchange can be seen at TM
Forum Management World 2012 at Dublin's Convention Centre from 22
May 2012 to 24 May 2012 (www.tmforum.org/mwd12RCR).
Peter Willis, Chief Data Architect at BT Innovate & Design,
said: "This is a catalyst that demonstrates it's possible to
implement a viable Bandwidth Exchange marketplace offering
connectivity to cloud services. Providing flexibility in bandwidth
provision and availability will enable exciting new network
services and investment opportunities that complement flexible
cloud services."
Brian Conlon, CEO of First Derivatives commented: "Whilst we
continue to focus our commercial efforts within capital markets, we
are delighted to collaborate with other technology leaders in this
innovative venture which will draw upon our own expertise in the
high frequency, low latency trading arena".
Enquiries:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Managing Director www.firstderivatives.com
Graham Ferguson, Finance Director
Charles Stanley Securities (Nominated
Adviser) +44 (0)20 7149 6000
Russell Cook
Carl Holmes
Goodbody Corporate Finance (EMI
Adviser) +353 1 667 0420
Diane Hodgson
Linda Hickey
Finbarr Griffin
Walbrook PR +44 (0)20 7933 8780
Fiona Henson fiona.henson@walbrookpr.com
Paul Cornelius paul.cornelius@walbrookir.com
Stakeholder PR
John Hart +44 (0)28 9033 9949
About "Bandwidth Exchange"
The emergence of dynamic, on-demand computing resources has
prompted the re-evaluation of bandwidth-on-demand service
offerings. These would provide cost-effective connectivity between
end-customers and data centres over short time durations.
A necessary precursor for this is the ability to trade bandwidth
contracts for on-demand end-to-end Ethernet circuits, mediated
through an electronic exchange that enables price-discovery. Then
it would be possible to deliver Cloud Services more cost
effectively through on-demand provision of the three core elements
of Network, Storage & Computer.
About First Derivatives
First Derivatives is a global provider of software and
consulting services to the financial services industry. With almost
16 years experience working with leading financial institutions, it
continues to deliver technologically advanced 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, brokers and
hedge funds as its customers. It has operations in London, New
York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin,
Newry and Hong Kong.
For further information please visit
www.firstderivatives.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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