First Derivatives signs contract with Singapore Exchange


28 Jul 2010

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Specialist Irish software company First Derivatives has signed a contract with the Singapore Exchange (SGX) for one of its financial service products as it continues to expand its footprint into Asia.

First Derivatives said it is customising and implementing the Delta system at the SGX, along with its Singapore sales partner BrokerEdge Systems Advisors.

The company said the contract represented “another important milestone” in its ambitions to expand its operations into the Asian market.

“I am very pleased that our effort in targeting the exchange market has resulted in this significant contract with SGX. Not only does it give additional credibility to the Delta platform but also strengthens our position in the Asian market as an enterprise software provider,” said First Derivatives CEO Brian Conlon.

“The contract with SGX provides the necessary impetus for First Derivatives to further expand its operations in Asia, building on our existing operations in Australia, China, Singapore and India. The opportunity to cross-sell other First Derivatives software solutions, as well as support and consulting services to Singaporean clients is significant. We have a proven business model which works and will apply this to the Singapore market, as we continue to grow our Asian footprint,” said Paul Phillips head of APAC Operations at First Derivatives.

Article courtesy of Businessandleadership.com