New Partnership
September 22 2011 - 2:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
22 September 2011
22 September 2011
First Derivatives plc
("First Derivatives" or the "Company")
New Partnership
FXDD's Irish based institutional division, Frontier FX Ltd,
endorses First Derivatives' Delta FX trading platform
First Derivatives (FD) (AIM:FDP.L, ESM:GYQ.I), a leading
provider of software and consulting services to the capital markets
industry, today announced that Frontier FX Ltd ('Frontier FX'), the
Irish based foreign exchange broker, has selected the Company as
its preferred next generation trading technology partner. The
partnership will involve adopting First Derivatives' Delta FX
trading technology platform to provide Frontier FX with a
competitive edge in this highly sophisticated and competitive
sector of the FX industry.
Frontier FX's recommendation to new owners FXDD, the leading
international Forex Market Maker, and FXDD's subsequent endorsement
to adopt First Derivatives' next generation trading technology,
will allow Frontier FX to accelerate its growth in the
institutional sector.
David Morrisroe, co-founder of Frontier FX, said: "This is an
exciting time for our development. Following our recent acquisition
by FXDD we are excited about being part of a global company while
retaining our Irish identity. FXDD is keen to ensure that we
continue to develop our excellent working relationship with First
Derivatives, whom we have found to be both innovative and
pro-active. The fact that we are partnering with a fellow Irish
company with global reach is also gratifying."
Brian Conlon, CEO of First Derivatives, commented: "Having such
a high profile and respected global firm such as FXDD endorse
Frontier FX's decision to adopt our Delta FX trading technology
represents a huge opportunity for us. By building upon our existing
relationship with Frontier FX we are confident that our next
generation trading technology will deliver the trading efficiencies
that FXDD expects."
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
Diane Hodgson
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.
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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