Strategic Partnership signed with FOREX CLUB
June 12 2012 - 2:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
12 June 2012
12 June 2012
First Derivatives plc
("First Derivatives" or the "Company")
Strategic Partnership signed with FOREX CLUB
First Derivatives (AIM: FDP.L, ESM:FDP.I), a leading provider of
software and consulting services to global investment banks,
brokers and hedge funds, announces it has entered a strategic
partnership ("partnership") with FOREX CLUB, an international
online broker. The partnership will enable FOREX CLUB clients to
benefit from First Derivatives' Delta Flow(TM) trading technology
by providing them with best quality execution, spreads and
pricing.
The agreement is First Derivatives' first partnership with a
privately owned retail FX broker based in Russia and the
Commonwealth of Independent States ('CIS'). First Derivatives'
Delta trading platform will ensure FOREX CLUB's global client base
is plugged directly into the heart of the foreign exchange market
by facilitating global access to the largest liquidity pools in the
market, provided by 12 leading global banks.
Using the latest standardised connectivity from centralised data
centres in the world, FOREX CLUB is now able to provide its clients
with ultra-low latency and unlimited connectivity, thereby
delivering an institutional level of service across all its
platforms including StartFX2, MT4, ActTrader(TM) and Rumus.
John Beckert, MD e-Trading & Risk Management Solutions at
First Derivatives, said: "Our business development model is
predicated on the need to focus on those clients who can
demonstrate a market vision underpinned by a solid business plan.
This is vital to our growth as well as our clients. Collaborating
with a firm such as FOREX CLUB enhances our ability to deliver
market leading enterprise wide solutions to the broker sector of
the market. We pride ourselves on partnering with clients for
mutual business success and long-term profitability. On this basis,
we welcome FOREX CLUB as our newest partner. By leveraging our
best-in-class technologies and consultancy, we believe that FOREX
CLUB is well-placed to strengthen its competitive position in the
retail forex market. At the same time, their decision to adopt our
Delta Flow(TM) trading technology underlines our commitment to
providing innovative and cutting edge solutions to the forex
trading markets."
Brian Conlon, CEO of First Derivatives further commented: "We
are very pleased to partner with a leading international online
broker such as FOREX CLUB. This partnership further demonstrates
our commitment to providing innovative solutions for our global
clients and positions our Delta Flow technology at the forefront of
forex trading solutions.
Demetrios Zamboglou, Head of Hedge & Quant at FOREX CLUB,
said: "We are delighted to have reached an agreement with First
Derivatives to be our primary trading technology partner. This
demonstrates our commitment to becoming a global leader in online
retail FX trading. By ensuring direct client access to multiple
pools of liquidity from the top global banks, we strengthen our
competitive edge by giving clients tighter spreads and best
execution practices."
Enquiries:
First Derivatives plc +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 Corporate Finance (ESM
Adviser) +353 1 667 0420
Diane Hodgson
Linda Hickey
Finbarr Griffin
Walbrook PR +44 (0)20 7933 8780
Fiona Henson fiona.henson@walbrookpr.com
Paul Cornelius paul.cornelius@walbrookir.com
Stakeholder Communications +44 (0) 2890 339949
Jonathan King
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 Flow, 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
16 years' experience working with leading financial institutions,
it continues to deliver technologically advanced products and
services that anticipate and respond to the evolving needs of
global capital markets.
First Derivatives currently employs approximately 700 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.
For further information please visit
www.firstderivatives.com
About FOREX CLUB
Established in 1997, FOREX CLUB is the brand name for a group of
companies that provides clients from over 120 countries with
platforms and services for trading forex, CFDs and other online
trading and educational products. It offers clients high-quality
tools in training, analytics and education, as well as personal
support. FOREX CLUB has over 600 employees worldwide. The company
was one of the industry's first to offer zero spread trading and
commission refunds on all unprofitable trades exclusively on the
company's proprietary platform (StartFX).
The structure of FOREX CLUB Group of Companies includes a range
of brokers and training centers, including Forex Club International
Limited, Akmos Trade, FOREX CLUB and the International Trading
Academy. For please contact media@fxclub.org
This information is provided by RNS
The company news service from the London Stock Exchange
END
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