About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

LakeFront Data’s Richards Joins First Derivatives as President of its US Operations

Subscribe to our newsletter

Earlier this year, First Derivatives bought Reference Data Factory (RDF) for around US$10 million and Dale Richards, CEO of LakeFront Data Ventures and board member of RDF, joined the advisory board of the market data and risk management focused solution provider. Richards, who has since taken a back seat at his own start-up LakeFront Data Ventures, is now set to lead First Derivatives’ push in the reference data space as president of its US operations.

Richards also joins the board of directors of First Derivatives and the vendor is seemingly hopeful his 25 years of experience in the data management field will stand him in good stead to push its new back office and reference data capabilities, which were acquired along with RDF last October. First Derivatives has been working on integrating its market data and risk management focused Delta suite of products with the RDF portfolio and Richards has been engaged in ensuring this process has been a smooth one.

The Delta suite of products, which includes algorithmic and programme trading solutions, market data solutions, risk management applications and market data management software, now sit alongside RDF’s integration tools, feed handlers, data model and data distribution tools.

As well as his role at First Derivatives, Richards will also remain on the board of the data management consultancy boutique firm that he founded LakeFront Data Ventures, which has now become a strategic partner of First Derivatives. Some months prior to its acquisition, RDF was in fact demerged from LakeFront Data Ventures, so the advisory and consulting firm is no stranger to the RDF portfolio.

Prior to his setting up of LakeFront Data Ventures, Richards was chief data officer and vice president of corporate business development at First Derivatives’ rival SunGard. He was charged with leading SunGard’s overall EDM strategy to launch its global integrated data management external approach. He was also one of the three founding members of the EDM Council.

Prior to SunGard’s acquisition of Fame Information Services in 2004, he was president and CEO of Fame, which at the time was backed by new Interactive Data part-owner and private equity house Warbug Pincus. During his time at Fame, Richards restructured the company and launched a strategy to leverage its data management capabilities into the emerging reference data management market.

Before Fame, he was founder, president and CEO of Benton Associates, a global consulting, software solutions, data management and quantitative analytics company acquired by Fame. He certainly has hands on experience of the acquisition trail and its consequences.

Richards has also previously held senior product and client-facing positions with Algorithmics, Reuters and Interactive Data.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Hearing from the Experts: AI Governance Best Practices

9 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical...

BLOG

Zema Global Chief Girds for Soaring Demand for Energy Data

Since its acquisition of Morningstar’s commodity information business late last year, energy industry intelligence provider Zema Global has become an important data feed for financial institutions that invest in the net-zero transition and to those trading in renewables, biofuels and fossil fuels. The transaction was a prescient one. While the Colorado, US-headquartered company has been...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...