27 May 2018
visit www.ebaday.com

EBS signs for analytics-as-a-service from First Derivatives

18 December 2014  |  2029 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, today announces that its Delta Stream product has been selected by EBS, ICAP’s market leading electronic FX business, as part of a new Data Analytics as a Service initiative.

The solution will build on EBS’s ability to maximise execution rates at best prices and demonstrate that capability to existing and potential new clients. It is provided under an initial three year managed service contract.

EBS is a leader in the foreign exchange market, operating both order-driven and quote-driven trading platforms via EBS Market and EBS Direct respectively. As a result of the growth in quote volumes and an increasing number of market participants, EBS has selected Delta Stream to provide data analytics to further optimise the trading experience within its platforms. The managed service will be hosted by First Derivatives and following a rapid deployment is expected to be live by Q2 2015.

Delta Stream, which is powered by the world’s leading Big Data database technology kdb+, captures, stores and analyses large volumes of data within a single platform. It is used extensively in the financial markets where it is used to capture billions of equity, FX and fixed income tick data updates per day and perform analysis of that data in real time.

Viral Tolat, CTO and Global Head of Products at EBS, commented: “We look forward to working with a leading partner like First Derivatives to enhance our customers’ trading experience with best-in-class execution analysis. Advanced data analytics allow us to enhance the EBS offering ensuring we are at the forefront of professional FX trading technology.”

Brian Conlon, Chief Executive Officer of First Derivatives, commented: “We are delighted to have secured this contract with EBS, one of the world’s leading electronic trading platform providers. The selection of Delta Stream to enhance EBS’ analytics capability is further evidence of the power of the Delta platform and the underlying kdb+ database technology.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.vasco.com/news/mobile-first

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
28986 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
8957 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7629 views comments | 13 tweets | 13 linkedin
There are some things you just can't do with an appThere are some things you just can't do wi...
6900 views comments | 9 tweets | 15 linkedin

Featured job

Package guide £250-300K
London

Find your next job