28 October 2016
Visit www.dh.com

First Derivatives upgrades Delta Flow with FX-trade surveillance capability

30 May 2014  |  1947 views  |  0 Source: First Derivatives

First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services to the capital markets industry, announces the launch of its integrated trade execution, risk management and surveillance solution for FX markets.

The solution enables brokers to provide value-added services to their clients by monitoring for unauthorised trader activity, detecting unusual trading patterns and offering a sandbox environment for testing and validating new trading models. Combined with its accompanying market replay facility for forensically reviewing historical trading patterns, this integrated offering enables brokers to meet their regulatory obligation to provide a fair and efficient trading venue for their clients and liquidity providers alike.

Delta Flow is an established eFX trading venue that offers clients direct access to liquidity and is built upon the Delta Platform from First Derivatives. The same platform, based on kdb+, is used by traders for high volume, low-latency algorithmic trading and by regulators for real-time detection of market abuse and unauthorised trading activity across multiple asset classes.  Delta Surveillance is also built upon the Delta Platform and is used by the Australian Securities and Investments Commission (ASIC) to meet its statutory obligation to oversee the overall Australian licensed financial market. 

This combination of order management, trade execution, transaction analytics, surveillance capabilities and alerts management provides clients with instant visibility into individual transactions, aggregated risk profiles and the integrity of the overall trading activity.  Employing the same technology for trade surveillance as trade execution enables brokers to stay abreast of changes and react swiftly to new trading patterns. The solution, which operates on a common technology platform capable of processing massive trade volumes, provides the additional benefit of real-time detection and visualisation without any integration overhead.

Providing an enterprise-wide solution from pre-trade through post-trade activities across multi-asset classes will enable firms to comprehensively analyse and manage their business based on a holistic strategy.  As an example, through the Delta platform's accompanying "Data as a Service" offering, it enables data owners and their clients to unlock and monetise the value of their information assets in a secure, flexible and controlled manner.

Brian Conlon, CEO of First Derivatives, commented: "We already provide FX execution services for top banks, asset managers and hedge funds and we provide surveillance solution for regulators and exchanges.   Putting them together is an obvious step but one that brings something unique to the market in offering surveillance as an integral part of an FX trading platform. "  

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextra Visit dh.com

Who is commenting?

A Finextra member Finextra Member Commented on: 5 innovations to make...
A Finextra member Finextra Member Commented on: Goodbye, Santander! Th...
A Finextra member Finextra Member Commented on: Why are we more intere...

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
9341 views comments | 34 tweets | 40 linkedin
Monzo raises £4.8mMonzo raises £4.8m
9026 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8776 views comments | 26 tweets | 30 linkedin
hands typing furiouslyThe day I realized Fintech was becoming ju...
8407 views 2 | 23 tweets | 8 linkedin
China emerges as fintech powerhouse as UK dominance weakensChina emerges as fintech powerhouse as UK...
8071 views comments | 31 tweets | 27 linkedin

Featured job

Senior Level Salary plus Car Allowance + Benefits...

Find your next job