First Derivatives PLC EBS selects Delta Stream (1120A)
December 18 2014 - 2:00AM
UK Regulatory
TIDMFDP
RNS Number : 1120A
First Derivatives PLC
18 December 2014
18 December 2014
First Derivatives plc
("First Derivatives" or the "Group")
EBS selects Delta Stream for Data Analytics as a Service
First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider
of software and consulting services to the capital markets
industry, today announces that its Delta Stream product has been
selected by EBS, ICAP's market leading electronic FX business, as
part of a new Data Analytics as a Service initiative. The solution
will build on EBS's ability to maximise execution rates at best
prices and demonstrate that capability to existing and potential
new clients. It is provided under an initial three year managed
service contract.
EBS is a leader in the foreign exchange market, operating both
order-driven and quote-driven trading platforms via EBS Market and
EBS Direct respectively. As a result of the growth in quote volumes
and an increasing number of market participants, EBS has selected
Delta Stream to provide data analytics to further optimise the
trading experience within its platforms. The managed service will
be hosted by First Derivatives and following a rapid deployment is
expected to be live by Q2 2015.
Delta Stream, which is powered by the world's leading Big Data
database technology kdb+, captures, stores and analyses large
volumes of data within a single platform. It is used extensively in
the financial markets where it is used to capture billions of
equity, FX and fixed income tick data updates per day and perform
analysis of that data in real time.
Viral Tolat, CTO and Global Head of Products at EBS,
commented:"We look forward to working with a leading partner like
First Derivatives to enhance our customers' trading experience with
best-in-class execution analysis. Advanced data analytics allow us
to enhance the EBS offering ensuring we are at the forefront of
professional FX trading technology."
Brian Conlon, Chief Executive Officer of First Derivatives,
commented: "We are delighted to have secured this contract with
EBS, one of the world's leading electronic trading platform
providers. The selection of Delta Stream to enhance EBS' analytics
capability is further evidence of the power of the Delta platform
and the underlying kdb+ database technology."
Enquiries:
First Derivatives plc +44 (0)28 3025 2242
Brian Conlon, Chief Executive www.firstderivatives.com
Officer
Graham Ferguson, Finance Director
Ian Mitchell, Head of Investor
Relations
Charles Stanley Securities +44 (0)20 7149 6000
(Nominated Adviser & Broker)
Russell Cook
Carl Holmes
Goodbody Corporate Finance +353 1 667 0410
(ESM Adviser and Broker)
Linda Hickey
Finbarr Griffin
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 1,100 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, Singapore, Hong
Kong, Sydney, Toronto, Philadelphia, Palo Alto, Dublin and its
headquarters in Newry. Kdb+ is developed by Kx Systems, in which
First Derivatives recently acquired a majority stake.
About EBS
ICAP's award-winning EBS business is at the heart of electronic
spot FX trading and remains the core source of genuine, executable
spot FX liquidity and independent benchmark pricing for
professional trading counterparties in all market conditions. EBS's
platforms deliver reliable, efficient and effective access to spot
FX, precious metals and NDF traders globally, in both established
and emerging markets, offering optimal price discovery and
execution, and support a wide range of FX trading strategies, as
well as API and manual trading. For more information, go to
www.ebs.com.
About ICAP
ICAP is the world's leading interdealer broker and provider of
post trade risk and information services. The Group matches buyers
and sellers in the wholesale markets in interest rates, credit,
commodities, FX, emerging markets and equity derivatives through
voice and electronic networks. Through its post trade risk and
information services it helps its customers manage and mitigate
risks in their portfolios. For more information go to
www.icap.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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