Tullett and Tokyo Liberty (T&TL) has renewed its two-year outsourcing agreement with financial software developer Future Dynamics (FD).
Under the agreement, which did not go to tender, FD will continue to provide a resource pool for support and development of NT-based trading applications.
Two years on from the initial outsourcing deal, FD has migrated 12 T&TL developed applications across to its support team, delivered 11 new applications and is currently leading the Marker project which forms the cornerstone of T&TL’s electronic trading across multiple financial products and markets.
Steve Grob, CEO of FD, notes: "The price proxy component from our crossfire product was successfully used in the Marker applications giving a saving of 65 man-days on the development and a proven and robust price delivery mechanism.”
Pat Moran, head of IT Development at T&TL, says: "Our relationship with FD vindicates outsourcing as a strategic approach and has helped us to be flexible and innovative."