Launch of hosted Delta Data Factory service
August 02 2011 - 2:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
02 August 2011
2 August 2011
First Derivatives plc
("First Derivatives" or the "Company")
First Derivatives launches hosted Delta Data Factory service for
reference data
First Derivatives (AIM: FDP.L, IEX:GYQ.I), a leading provider of
software and consulting services to the capital markets industry,
this morning announces the launch of Delta Data Factory, a new
service within its Delta suite of data, trading and risk
applications and services. Delta Data Factory is a hosted data
management service that provides targeted reference data processing
as a utility to buyers or sellers of data.
Delta Data Factory is a content-agnostic managed service utility
that allows buyers or sellers of reference data to process data
into precisely the format required. This new service comprises the
software, people, infrastructure, support, deep domain expertise
and 99999's uptime required to provide on-going managed services
and processes for an operational function. This Software as a
Service (SaaS) business model is based on a simple subscription
that allows a customer to use, and pay for, only what they
need.
For financial institutions Delta Data Factory is used to process
in-bound reference data from any vendor or reference data source,
which can be enriched according to the client's specifications and
formatted to suit any application. It accelerates results and
reduces the costs associated with integrating, processing and
consuming in-bound reference data.
For vendors of data, Delta Data Factory is used to process
out-bound reference data to assist a vendor's customer in adoption
of vendor data. It is a service that can assist the vendor in
packaging, combining multiple internal (and external) sources into
a unified format, adapting the feed to applications or workflows or
speeding delivery into an Enterprise Data Management platform.
Dale Richards, President of First Derivatives' US Operations
commented: "Delta Data Factory combines and packages just what
clients need in order to get immediate results. Both data vendors
and clients are getting a solid accelerator in this managed
service. Implementation is very rapid and the cost / benefit value
proposition is very clear. We listened to the market and we've
created a packaged managed service that benefits all players".
Brian Conlon, founder and CEO of First Derivatives, said:"The
launch of Delta Data Factory provides further evidence of our
pre-eminence in the data world. Our data management solutions team
has distilled knowledge gleaned from working with some of the
world's leading vendors and their largest data clients to produce a
premium offering which vastly reduces the cost and risk associated
with managing reference data. Delta Data Factory harnesses and
combines the latest advances in cloud computing, database and CEP
technology to increase the reliability and flexibility of data
delivery."
Enquiries:
First Derivatives Tel. +44(0)28 3025 2242
Brian Conlon, Managing Director Web. www.firstderivatives.com
Graham Ferguson, Finance Director
Dale Richards, President Americas Tel: +1 646 625 3100
Charles Stanley Securities, Tel: +44 (0)20 7149 6000
Nominated Adviser
Russell Cook
Carl Holmes
Goodbody Stockbrokers Tel: +353 (1) 667 0420
( EMI Advisor)
Diane Hodgson
Linda Hickey
Finbarr Griffin
Walbrook PR Tel: +44 (0)20 79 338783
(Nominated Advisor)
Bob Huxford
Helen Westaway
Stakeholder Communications Tel: +44 (0) 28 90 339949
Carl Whyte
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.
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, 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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