First Derivatives launches new Delta Flow service for FX markets

30th May 2014 09:35

Software & computer services group First Derivatives has launched its integrated risk management and surveillance solution Delta Flow to FX markets.The system, which will allow brokers to provide services to their clients by monitoring for unauthorised trader activity, is expected to detect any unusual trading patterns.The solution, which operates on a common technology platform, is anticipated to provide real-time detection and visualisation without any integration overhead.The group announced in March that it will provide consulting services with Pivotal, one of the 'big names' in big data. The system will be available as a high capacity ingestion utility to those that can benefit from spikes in volume where data is usually lost or is not available in real time.Chief Executive Officer Brian Conlon said: "We already provide FX execution services for top banks, asset managers and hedge funds and we provide surveillance solution for regulators and exchanges. "Putting them together is an obvious step but one that brings something unique to the market in offering surveillance as an integral part of an FX trading platform." As of 10:17 the share price had dropped 0.2% to 1,075p.WS