The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

First Derivatives Signs Software Licensing Deal with Algorithmics

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.”

Related content

WEBINAR

Recorded Webinar: High noon for surveillance: resolving tension between the costs of false positives, challenges of calibration, and compliance

When it comes to trade surveillance, regulators want firms to do their own alert calibration, examine all alerts, and keep auditable records. Firms need to balance the real cost of false positives with the technical challenge and risk of self-calibrating and auto-calibrating, while compliance, IT and vendors have to grapple with the need for defensible...

BLOG

Sponsored Blog: The Complexities of Shareholding Disclosure

Complex shareholder disclosure regulations, especially where assets are held across jurisdictions, can quickly translate into a significant headache for asset managers and institutional investors alike. Secure access to the right data and analytics can mean the difference between compliance and a breach of regulations. About shareholding disclosure Shareholding disclosure regulations have been designed to protect...

EVENT

TradingTech Summit London

Now in it's 11th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

GDPR Handbook

The May 25, 2018 compliance deadline of General Data Protection Regulation (GDPR) is approaching fast, requiring financial institutions to understand what personal data they hold, why they process it, and whether it is shared with other organisations. In line with individuals’ rights under the regulation, they must also provide access to individuals’ personal data and...