18th Sep 2013 12:18
LONDON (Alliance News) - First Derivatives PLC Wednesday said it would work with the commercial technology division of NYSE Euronext to create a new historical data service.
First Derivatives, which provides software to investment banks, brokers, hedge funds and exchanges, said the historical data service would be offered to NYSE Euronext customers using First Derivatives' Delta product.
Delta is a comprehensive suite of high performance real-time trading, CEP, market data and risk management applications.
The resulting product will give customers access to access to large data stores for analytical back testing and compliance, the company said, without providing any financial details.
"I am delighted that First Derivatives is forging a relationship with one of the most capable service providers in the global capital markets community who understand that the community needs managed solutions to address commoditised services and thus release capital for differentiating opportunities," Brian Conlon, chief executive of First Derivatives, said in a statement.
First Derivatives shares were Wednesday quoted at 790 pence, up 32.5 pence, or 4.3%.
By Samuel Agini; [email protected]; @samagini
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