21 September 2017
Find out more

First Derivatives brings real-time derivatives reporting to SGX

04 April 2012  |  1787 views  |  0 Source: First Derivatives

First Derivatives (AIM:FDP.L, ESM:GYQ.I), a leading provider of software and consulting services to the capital markets industry, today announced it had delivered a bespoke solution based on its Delta Stream CEP product for real-time derivatives markets reporting - Project MARS - to Singapore Exchange (SGX).

This is the third project First Derivatives has delivered to SGX for real-time monitoring of derivatives trading activity. In 2011, systems for monitoring market-making and equities trading activity were delivered to SGX..

"There's a strong focus globally on managing risk within exchange environments," said John Miller, Director, Asia for First Derivatives. "The speeds at which market participants are moving mean exchanges need to adapt quickly to be able to keep up. It's great to see SGX leading the way in this within our region, and we are very pleased to have been able to deliver the solution they needed to do that."

Project MARS captures every order and trade message in the SGX trading engines, and provides real-time and historical reporting of SGX trading engine data, making the information more accessible to users. All data is also persisted to a historical database.

MARS went live on Aug 15, 2011, when SGX rolled out its Reach trading engine for its securities market. Reach is the world's fastest trading engine with ultra-low latency and significantly higher capacity.

The project, an extension of FD's Delta Stream solution, was delivered and implemented by First Derivatives, together with its Singapore sales partner, BrokerEdge Systems Advisors Pte Ltd. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.capgemini.comvisit www.temenos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12275 views comments | 26 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10877 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9490 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8092 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8065 views comments | 5 tweets | 4 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job