17th Mar 2014 12:29
LONDON (Alliance News) - Trading and risk management software company First Derivatives PLC Monday said it has entered a partnership with Tullett Prebon PLC for Tullett's foreign exchange platform Chapdelaine FX.
Under the partnership, Chapdelaine's deployment of a new liquidity hub will be supported by First Derivatives' Delta Flow technology.
John Beckert, managing director of e-trading & risk management solutions at First Derivatives, said introducing a liquidity service based on direct market access underpinned by effective liquidity management is exciting for the company.
"This solution enhances the trading experience for both liquidity providers and clients. As well as servicing Chapdelaine FX's franchise the liquidity solution provides instant compatibility with financial services firms using the Delta Flow platform for the purposes of establishing maker/taker liquidity relationships," Beckert said in a statement.
First Derivatives shares were Monday quoted at 1,148.44 pence, up 3.9%.
By Samuel Agini; [email protected]; @samuelagini
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