FD Technologies Regulatory News (FDP)

First Derivatives plc

("First Derivatives" or the "Company")

ASIC selects Delta Stream™ to provide next generation market surveillance solution

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 has signed a multi- year annual software license with the Australian Securities and Investment Commission (ASIC) to implement its Delta Stream™ solution for the design, development and hosting of ASIC's new market surveillance system.

Delta Stream™ will be used by ASIC in meeting its statutory obligation to oversee Australia's licensed financial markets. In particular, Delta Stream™ will be integral to ASIC's market surveillance activities enabling detection of trading anomalies and irregularities that may indicate disorderly or prohibited trading across the range of asset classes and products traded. This ability to monitor various instrument types in differing asset classes like equities and fixed income, highlights the strength of the Delta suite in dealing with large data volumes at high velocity within a single platform, i.e. its ability to address the "big data" challenge.

First Derivatives' Delta Stream™ was chosen by ASIC as the preferred scalable, robust and technologically advanced solution to deal with the ever complex nature of trading which is characterised by faster trade speeds, increased trade and order volumes, and dispersed liquidity. These market features have made detecting and investigating market misconduct increasingly complex.

Commenting on the contract win First Derivatives CEO, Brian Conlon said "We are delighted with the decision by ASIC to use Delta Stream™ as their chosen platform for market surveillance. Delta Stream™ will allow ASIC to quickly respond to evolving market regulations, the introduction of new products and projected increases in data volumes .The domain knowledge and technical capabilities of our professional services teams leave us ideally placed to design and manage the hosting of this solution and to partner with ASIC in developing analytics to help maintain efficient and orderly markets"

ASIC said that the new system would enable its market surveillance team to interrogate very large data sets, and monitor market activity in a manner consistent with the increased use of technology in day-to-day trading.

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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 Data Factory, 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 720 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.