First Derivatives PLC Yieldbroker Pty Ltd chooses Delta Surveillance
May 20 2014 - 2:02AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
20 May 2014
First Derivatives plc
Yieldbroker Pty Limited chooses First Derivatives' Delta
Surveillance
First Derivatives plc (FD) (AIM:FDP.L, ESM:FDP.I) a leading
provider of software and consulting services to the capital markets
industry today announces the implementation of its Delta
Surveillance solution by Yieldbroker Pty Limited (Yieldbroker) in
Sydney, Australia.
Yieldbroker is an electronic marketplace designed for
institutional investors and banking participants trading in
Australian and New Zealand debt securities and derivatives.
Yieldbroker provides an electronic trading platform and was the
first fixed income e-venue to be awarded an Australian Market
Licence in 2004. The implementation of Delta Surveillance enables
Yieldbroker to continue to ensure a fair, orderly and transparent
trading environment for investors by providing the ability to
detect in real-time any anomalous or potentially prohibited trading
activity on the platform. It also enables it to meet its regulatory
obligations for the surveillance, reporting and monitoring of
derivatives and OTC trading.
In selecting Delta Surveillance, Yieldbroker looked for a
solution that would provide not only for today's known requirements
but also have flexibility for accommodating future developments in
surveillance techniques and provide capacity for increased trading
volumes. The solution is based on the Delta Surveillance solution
implemented by the Australian Securities and Investments Commission
(ASIC) to meet its statutory obligation to oversee the overall
Australian licensed financial market.
Richard Swift, chief executive at Yieldbroker commented: "Our
selection criteria demanded a solution that would be comprehensive
in functionality, flexible in operation and could be rapidly
implemented whilst also able to accommodate increases in both trade
volumes and the sophistication of the rules and alerts we want to
define in the future. Delta Surveillance clearly meets all these
criteria. The fact that the solution is already used by the
Australian regulator attests further to its strong credentials.
"
Rob Hodgkinson at FD commented: "We are delighted that
Yieldbroker has selected First Derivatives for their surveillance
requirements. The solution is ideally positioned for their need to
take data from multiple sources and across multiple asset classes
to provide real-time alerts on any unusual activity. The
flexibility and architecture of Delta Surveillance makes the
implementation and rollout of the solution very rapid, predictable,
on-time and to budget."
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive Officer www.firstderivatives.com
Graham
Ferguson, Finance Director
Charles Stanley Securities
(Nominated Adviser& Broker)
Russell Cook
Carl Holmes +44 (0)20 7149 6000
Goodbody Corporate Finance
(ESM Adviser)
Finbarr Griffin +353 1 667 0420
Goodbody Stockbrokers
(Broker)
Linda Hickey
Walbrook PR +44 (0)20 7933 8780
Bob Huxford bob.huxford@walbrookpr.com
Helen Cresswell helen.cresswell@walbrookpr.com
About Yieldbroker
Founded in 1999 as a co-operative venture between leading debt
market participants, Yieldbroker was formed to provide the systems
infrastructure, regulatory framework and compliance oversight
necessary to facilitate the growth of orderly electronic
marketplaces in Australian and New Zealand debt securities and
derivatives.
Commencing operation in 2001, Yieldbroker's Dealer & Client
market has become the dominant electronic trading platform in the
local debt marketplace. An Interdealer market was added to the
platform in 2007 that facilitates interbank trading in debt
securities and derivatives. Yieldbroker also operates an auction
system that is utilised by both the AOFM and NZDMO for the issuance
of government bonds, bills and notes. In addition, Yieldbroker is
utilised by the RBA to conduct long-end liquidity operations and by
a number of semi-government borrowers.
For more information about Yieldbroker, please visit
www.yieldbroker.com
About First Derivatives
First Derivatives is a global provider of software and
consulting services to the financial services industry. With over
17 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 900 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, Singapore, Hong
Kong, Sydney, Toronto, Philadelphia, Dublin and its headquarters in
Newry.
For further information please visit
www.firstderivatives.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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