20 October 2017
visit www.response.ncr.com

Front Capital Systems acquires Derivatech

06 April 2004  |  7071 views  |  0 Front Capital Systems acquires Derivatech

SunGard subsidiary Front Capital Systems has acquired Chicago-based derivatives and risk management software firm, Derivatech Risk Solutions, for an undisclosed sum.

Founded in 1996, Derivatech is a provider of foreign exchange derivatives pricing, analytics and risk management software.

Derivatech's products provide volatility surface modelling, pricing and valuation of exotic options and structured products in real time and an extensive set of risk derivatives calculated from a volatility surface.

Under the acquisition, Derivatech's flagship trading and risk management system for FX derivatives, dt Compass, will be supported and sold as a stand-alone product under the Front Arena product suite.

Nicholas Hatzopoulos, chief executive and co-founder of Derivatech, says: "In addition to the dramatically larger asset class offering provided in Front Arena, Derivatech will now be able to offer an even greater level of FX and FX derivatives software solutions, services and support.

Front says it will combine its operations with Derivatech, with both Hatzopoulos and co-founder and software development manager, John Hatzigiannis, expected to play key roles.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

HVB Group deploys Front Arena

HVB Group deploys Front Arena

19 November 2003  |  2974 views  |  0 comments
UFJ Tsubasa Securities selects Front Arena for credit derivatives

UFJ Tsubasa Securities selects Front Arena for credit derivatives

10 November 2003  |  2660 views  |  0 comments
Front Capital Systems adds Tamaddon and Dasgupta to management team

Front Capital Systems adds Tamaddon and Dasgupta to management team

04 November 2003  |  3252 views  |  0 comments
Bank of China licenses Derivatech for FX options

Bank of China licenses Derivatech for FX options

04 September 2003  |  3499 views  |  0 comments
Front Capital expands product development and sales teams

Front Capital expands product development and sales teams

30 July 2003  |  2619 views  |  0 comments
DerivaTech secures $7 million funding from Trident Capital

DerivaTech secures $7 million funding from Trident Capital

13 January 2003  |  2630 views  |  0 comments
Credit Lyonnais extends DerivaTech OTC software to Far East

Credit Lyonnais extends DerivaTech OTC software to Far East

24 October 2002  |  3107 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.comRegister now

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15877 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8992 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8104 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7172 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6312 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job