Implementation of Delta Stream for ANZ
April 27 2011 - 2:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
27 April 2011
27 April 2011
First Derivatives plc
("First Derivatives or the "Company")
Implementation of Delta Stream product for ANZ
First Derivatives (AIM:FDP.L, ESM:GYQ.I), a leading provider of
software and consulting services to industry global investment
banks and hedge funds, is pleased to announce that Australia and
New Zealand Banking Group ("ANZ") has implemented the Company's
Delta Stream market data capture and analytics solution, which is
now running live in ANZ's eFX business. ANZ is one of the largest
banks in the Asia and Pacific ("APAC") region.
ANZ has deployed First Derivatives' Delta Stream in its
Melbourne and Sydney trading centers, with access also available to
remote users, as the system uses a web browser front-end to access
and chart the analytics.The Delta Stream product provides enhanced
computational power, flexibility, and speed to rapidly produce the
complex analytics demanded by a leading real-time FX trading
operation. Delta Stream is powered by the established kdb+
database, developed by First Derivatives' associate company, Kx
Systems.
Once First Derivatives had been appointed by ANZ eFX, full
deployment of the product, with live market capture with full order
book depth, was completed in less than two months. First
Derivatives is also committed to continuing to provide further
enhancements to the Delta Stream product for ANZ eFX.
Luke Marriott, Global Head eFX and Franchise, ANZ Banking Group,
commented: "This has been a very successful implementation for ANZ
eFX. The performance of Delta Stream and the kdb+ database has been
impressive, even in the face of recent volume spikes the system has
continued to perform faultlessly with inherent ability to scale to
meet future business expansion. Complex analytics have been
produced in days, providing both real-time and historic management
information to the heads of FX trading operations across all
currencies. This further ensures our ability to be at the forefront
in today's FX marketplace, deliver improved service to our global
client base and maintain a competitive position with global
peers."
Brian Conlon, CEO of First Derivatives said: "Delta Stream
provides a comprehensive market data capture and analytics
platform, which can feed directly into quantitative analysis and
algorithmic trading strategies, which are now an imminent next
stage in the further expansion of ANZ's systems. The kdb+ database
engine is ideal for high frequency data operations in today's
volatile market volumes.
"FX trading volumes are growing globally and this has kindled
great demand for high capacity, high frequency real-time solutions
such as those which First Derivatives has provided to large banks,
investment banks and hedge funds globally. We are delighted to be
working with ANZ eFX as a key client in APAC, supporting its
operations and business expansion during these times of high
volatility in financial markets. We see our business relationship
as a future partnership for both organisations and will ensure ANZ
remains competitive as it expands its global FX strategy."
For further information please contact:
First Derivatives +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 Stockbrokers, EMI Adviser +353 1 667 0410
Linda Hickey
Finbarr Griffin
Walbrook PR
Bob Huxford +44 (0)20 7933 8783
Fiona Henson
Stakeholder Communications
Carl Whyte +44 (0) 2890 339949
John Hart
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 Algo, Delta
Margin and Delta Stream which are used in high volume, low latency
environments.
First Derivatives has operated globally in the capital markets
consulting and technology space for more than 15 years, supporting
key clients to build competitive trading systems through the use of
market-leading technology. The kdb+ database is used within most of
the top tier leading banks, investment banks and hedge funds
globally and is a strategic component of the First Derivatives
Delta Stream infrastructure.
About First Derivatives
First Derivatives is a global provider of software and
consulting services to the financial services industry. With almost
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 600 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
END
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