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

First Derivatives Signs Software Licensing Deal with Algorithmics

Subscribe to our newsletter

First Derivatives, a provider of software and consulting services to the capital markets industry this morning announced that it has reached an agreement with Algorithmics for the use of Delta Reference Data Factory.

Under the terms of the deal, Algorithmics will use Delta Reference Data Factory as the reference data engine with its risk management systems. The deal represents a strong win for First Derivatives and is a validation of Reference Data Factory platform, acquired by First Derivatives in 2009.

First Derivatives president Americas Dale Richards commented: “We are delighted to announce this deal for Delta Reference Data Factory. Algorithmics is a leading player in risk management and their requirements for reference data management are comprehensive and forward looking. Algorithmics’ selection of Delta is a strong endorsement, and demonstrates the value of our proven capabilities and open architecture.”

Delta is First Derivatives’ powerful and growing suite of capital markets software. Delta Reference Data Factory is an open platform for managing reference data with off-the-shelf and configurable feed handlers, data model/transformation engine and distribution/enrichment suite.

Algorithmics’ president and COO, Michael Zerbs, further commented: “We conducted a thorough proof of concept with Delta Reference Data Factory. It exceeded our expectations and we are very pleased to have found a solution and a firm that meets our requirements so well. We are looking forward to working with First Derivatives.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

TRG Screen Launches AI Assist to Advance Reference Data Cost Management

Market data spend and usage management software provider TRG Screen has launched an artificial intelligence-powered capability to help financial institutions better manage spiralling data costs. The conversational AI interface sits on top of TRG Screen’s established Xmon platform, allowing users to interact with their own programme data using natural language. Instead of digging through technical reports, users can ask the system direct questions about cost optimisation opportunities and...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

A-Team Group’s Valuations Vendor Directory 2009

An indispensable guide to valuations professionals seeking providers of services in the asset valuations market. A-Team Group’s latest release in its series of directories – available for FREE download – focuses on vendors of valuations data, models and analytics. But this is not just another list of firms with their telephone numbers – you can get that...