First Derivatives strikes deal to grow Asia-Pacific business

1 Feb 2010

Newry-based company First Derivatives, which provides software and support services to the financial services and technology industries, has announced a strategic alliance with BrokerEdge to distribute its Delta product suite to the Singapore and Malaysian markets.

First Derivatives’ Delta product suite provides real-time trading, CEP, market and reference data, accounting and risk management applications and is used at a number of the world’s leading financial institutions.

“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,” said First Derivatives CEO, Brian Conlon.

“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,” he said.

“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,” Conlon added.

“This partnership is uniquely positioned to serve the rapidly growing high-velocity and algorithmic trader communities on the Singapore and Malaysia Exchanges,” said BrokerEdge CEO, Daniel Tan.

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