First Derivatives PLC Strategic Partnership with Thomson Reuters (4184W)
April 27 2016 - 2:00AM
UK Regulatory
TIDMFDP
RNS Number : 4184W
First Derivatives PLC
27 April 2016
First Derivatives plc
("FD" or the "Group")
Strategic Partnership with Thomson Reuters for Streaming
Analytics
FD (AIM: FDP.L, ESM: FDP.I) announces a strategic partnership
for the use of its Kx technology with Thomson Reuters to power the
latest version of their financial Data as a Service platform,
Velocity Analytics. The agreement follows a comprehensive review of
real-time and in-memory technologies by Thomson Reuters.
Velocity Analytics combines real-time and reference data with
Thomson Reuters' deep tick history database to provide clients with
market data for use by quantitative analysts, traders and
compliance departments across the financial services industry. It
provides both pre-built and custom analytics on enriched market
data from more than 70 exchange, broker and vendor data sources.
This enables clients to create their own data repository for
analytics, compliance and other use cases.
A growing pipeline of buy-side and sell-side firms are currently
evaluating the service, with several strategic customers engaged in
an early adoption programme. The service will be delivered from the
world's largest private financial markets Cloud network, Thomson
Reuters Elektron.
Mike Powell, managing director for enterprise capabilities,
Financial & Risk, at Thomson Reuters, commented: "Given Thomson
Reuters' global customer footprint and the demand across the
industry for streaming analytics and market insight driven by
increasingly quantitative trading strategies and regulatory
reporting requirements, demand should be strong for this solution.
We are pleased to be working with FD to power Velocity Analytics
using Kx technology."
Brian Conlon, Chief Executive Officer of FD, commented: "FD is
pleased to partner with Thomson Reuters, using the ability of our
Kx technology to enable real-time analytics on very large datasets
to power the Velocity Analytics service. This agreement
significantly increases our channel to market and the service will
be rapidly deployed to customers through Thomson Reuters Elektron,
which will accelerate our growth in this market."
Enquiries
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive Officer www.firstderivatives.com
Graham Ferguson, Chief Financial Officer
Ian Mitchell, Head of Investor Relations
Investec Bank plc (Nominated Adviser
and Broker)
Dominic Emery
Carlton Nelson
Sebastian Lawrence +44 (0)20 7597 4000
Goodbody (ESM Adviser and Broker)
Linda Hickey
Finbarr Griffin +353 1 667 0420
Walbrook PR
Paul Cornelius / Nick Rome / Helen
Cresswell / Sam Allen +44 (0)20 7933 8780
About FD
FD is a global technology provider with 20 years of experience.
The Group's Kx technology is used by some of the world's largest
finance, technology and energy institutions. FD employs over 1,500
people worldwide and has operations in London, New York, Stockholm,
Singapore, Hong Kong, Tokyo, Sydney, Palo Alto, Toronto,
Philadelphia, Dublin, Belfast and its headquarters in Newry.
For further information, please visit
www.firstderivatives.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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