Rns...18 Sep 2013 14:03
18 September 2013
First Derivatives plc
("First Derivatives" or "the Company")
First Derivatives collaborates with NYSE Technologies on a new suite of "As a Service" Trading solutions
- Combines leading data and archiving platforms to create a diverse range of new on-demand services
First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services to global investment banks, brokers, hedge funds and exchanges, today announces that it will be working with NYSE Technologies, the commercial technology division of NYSE Euronext (NYX) to create a new suite of historical data "as a service" solutions for NYX clients utilising First Derivatives' Delta(TM) product suite. Combining NYSE Technologies' historical and real-time data expertise covering cash, options, futures and corporate actions with First Derivatives' products and market expertise, the Tick as a Service offering will build into a suite of innovative market services for clients to gain efficient access to large data stores for analytical back testing and compliance
"By integrating First Derivatives' suite of services with our diverse portfolio of technology solutions, including our consolidated feed service, we can offer comprehensive data collection, storage, and analysis 'as a service' to our entire global trading community," said Jon Robson, CEO, NYSE Technologies. "This new service will allow participants to move from a client deployed to managed service for the storage, support and delivery of tick history infrastructure to back-test their algorithms and interrogate their data through a flexible, fully-managed solution. The Tick As A Service offering with First Derivatives is the first of a number of historical data solutions we shall offer."
Brian Conlon, CEO, First Derivatives said, "Our collaboration with NYSE Technologies will deliver substantial benefits to clients - improving time to market while efficiently minimising operational overhead and reducing costs. I am delighted that First Derivatives is forging a relationship with one of the most capable service providers in the global capital markets community who understand that the community needs managed solutions to address commoditised services and thus release capital for differentiating opportunities."
NYSE Technologies' innovative technology portfolio includes a broad array of real-time, historical and reference data alongside the first-ever capital markets community cloud, a hosted consolidated feed service (SuperFeed), and one of the world's largest FIX-based order routing networks (Marketplace), all seamlessly available across the Secure Financial Transactions Infrastructure(R) (SFTI(R) ) network. First Derivative's flagship Delta suite of products include Delta Flow, Delta Data Factory, Delta Algo, Delta Margin and Delta Stream which are used in high volume, low latency environments. Combining key