New Partnership
September 12 2011 - 2:00AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
12 September 2011
12 September 2011
First Derivatives plc
("First Derivatives" or the "Company")
New Partnership
ILQ selects First Derivatives' Delta Flow to deliver a superior
forex connectivity, execution and liquidity solution
First Derivatives (AIM:FDP.L, ESM:GYQ.I), a leading provider of
software and consulting services to the capital markets industry,
today announced that ILQ, the foreign currency exchange broker, has
chosen the Company's Delta Flow(TM) service to deliver improved
forex connectivity, execution and liquidity solutions to their
institutional client base.
Delta Flow(TM), which replaces the Company's Delta eFX, provides
the next generation in Liquidity, Flow and Risk management allowing
traders direct access to real-time data to optimise the experience
of sourcing, controlling and distributing multiple pools of
liquidity.
The partnership agreement is based on a volume orientated
brokerage model, where ILQ will use Delta Flow(TM) to replace their
existing proprietary solution and support all existing and new
clients globally.
ILQ is a U.S. based Forex Dealer (FDM) and Retail Foreign
Exchange Dealer (RFED), regulated by the Commodity Futures Trading
Commission (CFTC) and registered with the National Futures
Association. ILQ's clients include Introducing Brokers (IBs),
Foreign Brokers, Commodity Trading Advisors (CTAs), Commodity Pool
Operators (CPOs), Futures Commodity Merchants (FCM's), Banks,
Broker Dealers, and Money Managers.
Commenting upon the decision to select First Derivatives, ILQ's
CEO James Pieron said: "We have chosen First Derivatives plc, to be
our primary technology partner. First Derivatives is a market
leader in high frequency execution, risk management, and price
aggregation and will ensure that ILQ has, and maintains, a
competitive edge in the capital market place."
Brian Conlon First Derivatives' CEO and founder commented on
ILQ's decision to partner with First Derivatives, saying : "We are
delighted that such a highly respected Forex Dealer Member such as
ILQ has chosen our Delta Flow(TM) technology as their primary
solution to usher in the next generation institutional service. We
remain committed to providing innovative solutions in response to
the demand for cutting-edge technology in the forex trading
markets."
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
Helen Westaway
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.
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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