First Derivatives PLC Delta Flow integrates FX Surveillance capabilities
May 30 2014 - 2:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
30 May 2014
30 May 2014
First Derivatives plc
("First Derivatives" or the "Company")
First Derivatives extends Delta Flow to include integrated FX
Trade Surveillance capabilities
First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider
of software and consulting services to the capital markets
industry, announces the launch of its integrated trade execution,
risk management and surveillance solution for FX markets.
The solution enables brokers to provide value-added services to
their clients by monitoring for unauthorised trader activity,
detecting unusual trading patterns and offering a sandbox
environment for testing and validating new trading models. Combined
with its accompanying market replay facility for forensically
reviewing historical trading patterns, this integrated offering
enables brokers to meet their regulatory obligation to provide a
fair and efficient trading venue for their clients and liquidity
providers alike.
Delta Flow is an established eFX trading venue that offers
clients direct access to liquidity and is built upon the Delta
Platform from First Derivatives. The same platform, based on kdb+,
is used by traders for high volume, low-latency algorithmic trading
and by regulators for real-time detection of market abuse and
unauthorised trading activity across multiple asset classes. Delta
Surveillance is also built upon the Delta Platform and is used by
the Australian Securities and Investments Commission (ASIC) to meet
its statutory obligation to oversee the overall Australian licensed
financial market.
This combination of order management, trade execution,
transaction analytics, surveillance capabilities and alerts
management provides clients with instant visibility into individual
transactions, aggregated risk profiles and the integrity of the
overall trading activity. Employing the same technology for trade
surveillance as trade execution enables brokers to stay abreast of
changes and react swiftly to new trading patterns. The solution,
which operates on a common technology platform capable of
processing massive trade volumes, provides the additional benefit
of real-time detection and visualisation without any integration
overhead.
Providing an enterprise-wide solution from pre-trade through
post-trade activities across multi-asset classes will enable firms
to comprehensively analyse and manage their business based on a
holistic strategy. As an example, through the Delta platform's
accompanying "Data as a Service" offering, it enables data owners
and their clients to unlock and monetise the value of their
information assets in a secure, flexible and controlled manner.
Brian Conlon, CEO of First Derivatives, commented: "We already
provide FX execution services for top banks, asset managers and
hedge funds and we provide surveillance solution for regulators and
exchanges. Putting them together is an obvious step but one that
brings something unique to the market in offering surveillance as
an integral part of an FX trading platform."
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive Officer www.firstderivatives.com
Graham
Ferguson, Finance Director
Charles Stanley Securities
(Nominated Adviser& Broker)
Russell Cook
Carl Holmes +44 (0)20 7149 6000
Goodbody Corporate Finance
(ESM Adviser)
Finbarr Griffin +353 1 667 0420
Goodbody Stockbrokers
(Broker)
Linda Hickey
Walbrook PR +44 (0)20 7933 8780
Bob Huxford bob.huxford@walbrookpr.com
Sam Allen sam.allen@walbrookpr.com
About First Derivatives
First Derivatives is a global provider of software and
consulting services to the financial services industry. With over
18 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 900 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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