Distribution Agreement with B

RNS Number : 3777G

First Derivatives PLC

01 February 2010

 



1 February 2010

First Derivatives plc

("First Derivatives" or "the Company")

Distribution Agreement with BrokerEdge Systems Advisors Pte Ltd ("BrokerEdge")

First Derivatives Delta suite of products to be distributed in Singapore and Malaysia

First Derivatives (AIM:FDP.L, IEX:GYQ.I), a global capital markets software provider today announces a strategic alliance with BrokerEdge to distribute First Derivatives' Delta product suite to the Singapore and Malaysian markets. 

First Derivatives' Delta product set is the Company's high performance modular suite of real-time trading, CEP, market and reference data, accounting and risk management applications launched in 2008. Delta Algo provides the necessary performance and flexibility required to engineer, back-test and deploy a wide range of trading strategies, and to manage associated risk in real-time. The technology is already in use at a number of the world's leading financial institutions.  

Brian Conlon, Chief Executive Officer of First Derivatives commented, "We have a focus on growing our business in the Asia-Pacific region and as part of that expansion we are delighted to announce the agreement with BrokerEdge. This follows on from our recent distribution agreement with Religare Technologies addressing the Indian market, and our acquisition of Lepton Solutions Pty Ltd in Australia last year.

"Markets throughout Asia are becoming increasingly sophisticated and with that comes a demand for the high-frequency, low-latency trading and the management of the associated risk for which the Delta suite has been designed. Singapore and Malaysia are at the forefront of advances in financial markets in the region and BrokerEdge is ideally placed to help grow our business there."

Daniel Tan, Chief Executive Officer of BrokerEdge stated, "We are pleased to be selected by First Derivatives as its partner for expansion to this marketplace. The strategic partnership combines BrokerEdge's intricate understanding of the Equities & Derivatives Markets in the region and First Derivatives' global leading expertise in High Performance Trading, Market and Reference Data and Risk Management systems.

"This partnership is uniquely positioned to serve the rapidly growing High-Velocity and Algorithmic Trader communities on the Singapore and Malaysia Exchanges."

Enquiries:

First Derivatives plc	Tel. [phone]
Brian Conlon, Chief Executive Officer	Web. www.firstderivatives.com
Graham Ferguson, Chief Finance Officer
BrokerEdge Systems Advisors Pte Ltd	Tel. [phone]
Daniel Tan, Chief Executive Officer
Charles Stanley Securities,	Tel.    [phone]
Nominated Adviser to First Derivatives
Russell Cook
Carl Holmes
Goodbody Corporate Finance,	Tel.    [phone]
IEX Adviser to First Derivatives
Diane Hodgson
Linda Hickey
ICIS Limited,	Tel.    [phone]
Financial PR to First Derivatives
Bob Huxford
Fiona Conroy

About First Derivatives

Founded in 1996, First Derivatives is a specialist provider of software and consulting services to the capital markets technology sector. The Company's Delta product suite includes enterprise risk, algorithmic/program trading and data management solutions which deliver true real-time performance. 

First Derivatives currently employs over 300 people worldwide and counts many of the world's top investment banks and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto and Hong Kong.  

About BrokerEdge Systems Advisors Pte Ltd

BrokerEdge is a Singapore based consulting firm specialising in business process re-engineering, strategic IT planning & management with a vertical focus on the Capital Market industry. 

Founded in 2008, key principals of BrokerEdge are former senior executives of the market operator with extensive experience in Trading, Risk Management, Clearing & Settlement Systems. Key target customers are Exchanges, Depositories and Market Intermediaries in the region.

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