EBS partners with First Derivatives to offer data analytics via Delta Stream
18 December 2014
London, New York, 18 December 2014 –EBS, ICAP’s market-leading electronic FX business, has selected First Derivatives, a leading provider of software and consulting services to the capital markets industry, to deliver its Delta Stream data analytics product through EBS trading platforms to all EBS customers.
The solution will further enhance EBS customers’ trading workflow with the provision of best-in-class tools, providing the ability to store and analyse high volumes of data in order to maximise execution rates at best prices.
EBS has evolved into a multi-product business, including EBS Market – its central limit order book – and EBS Direct – its disclosed bilateral trading platform. As a result of this growth and planned launch of platforms in 2016; EBS has chosen to partner with First Derivatives to provide data analytics that will enable an optimised trading experience for all customers across all platforms.
Delta Stream, 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 allows 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. Its selection of Delta Stream to enhance its analytics capability is further evidence of the power of the Delta platform and the underlying kdb+ database technology.”
The managed service will be hosted by First Derivatives and following a rapid deployment is expected to be live by Q2 2015.
|Bryony Scragg||Communications UK||+44 (0) 20 7050 7124|
|Guy Taylor||Communications US||+1 212 341 9759|
|Candice Adam||Argentus PR||+44 (0) 20 7397 2915|
ICAP’s award-winning EBS business is at the heart of electronic spot FX trading and remains the core source of genuine, executable spot FX liquidity and independent benchmark pricing for professional trading counterparties in all market conditions. EBS’s platforms deliver reliable, efficient and effective access to spot FX, precious metals and NDF traders globally, in both established and emerging markets, offering optimal price discovery and execution, and support a wide range of FX trading strategies, as well as API and manual trading. For more information, go to www.ebs.com.
ICAP is the world's leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com
About First Derivatives
First Derivatives is a global provider of software and consulting services to the financial services industry. With over 18 years' experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets. First Derivatives currently employs over 1,100 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Singapore, Hong Kong, Sydney, Toronto, Philadelphia, Dublin and its headquarters in Newry.www.firstderivatives.com