The Delta One team spans technology, product management and sales across Netik's three key regional centres of New York, London and recently opened Hong Kong.

Netik acquired Capco Reference Data Services in 2008, formerly known as Iverson, which was founded in 1983 and have been providing index and ETF data for over 10 years. Netik has a strong track record in the Delta One data space and were the first to deliver Delta One Data as a service - quality, timely and accurate global index and ETF data across all asset classes in a single format, validated and customized 24 hours a day.

Bernie Thurston joins to lead the Delta One data business, together with Giles Sarton who heads up global Delta One sales, bringing with them two decades of expertise in the index and ETF space from Markit Equities division. Both will be based out of Netik's London office.

Joining Thurston and Sarton in London are, Femi Orangun and Mark Frost, both of whom have joined the Delta One technology team, focused on the development of the platform, tools and database. Orangun spent over 6 years architecting and implementing solutions for the index and ETF data aggregation platform at Markit and Frost brings with him 15 years of banking IT experience from Goldman Sachs including infrastructure, front and back office roles.

In New York, Paul Tompkins joins Netik to lead the Delta One technology team bringing his experience of building Delta One trading applications from Deutsche Bank and Macquarie. In addition, Brad Diamond also joins the New York office, to focus on Americas Delta One sales, reporting to Sarton. Prior to joining Netik, Diamond was senior sales director for 12 years with Standard & Poor's.

Netik sees Delta One Data as a key growth area in the marketplace. Thurston, Head of Delta One, commented, "We are seeing an increasing trend as the market looks for alternatives to the traditional equities to increase overall profitability." Increaasingly investment banks are looking to the creation and management of synthetic ETFs as the way to achieve sustainable revenue, with Europe now following fast in the footsteps of the US, which has been more aggressive in the delta one space. Thurston continued "Netik uniquely brings together data and tools meaning we are ideally positioned to embrace the growth opportunities and requirements for Delta One globally."

Rob Flatley, CEO, Netik, commented, "The new team will focus on bringing together data and technology in the creation of new and innovative solutions for the marketplace. Delta One Data is a key part of our growth plans and the tremendous level of experience and skills that Bernie and his team bring to Netik will ensure that Netik maintains and expands its presence in the Delta One space."