First Derivatives (AIM: FDP.L, IEX:GYQ.I), a leading provider of software and consulting services to global investment banks, brokers and hedge funds, today announces a partnership with Direct FX, an innovative new online foreign exchange trading company registered in Australia.
Direct FX has selected FD’s Delta trading technology which provides superior price aggregation, distribution and deal execution supporting their global retail and institutional client base.
Direct FX will use FD’s Delta Flow™ solution to provide the next generation in liquidity and order execution through multiple end client trading platforms such as MT4 and FD’s Margin platform, as well as extending service to API clients. Delta’s risk management capabilities also allow traders direct access to real-time data to optimize the process of sourcing, controlling and distributing multiple pools of liquidity. This capability will allow DirectFX to target niche markets and deliver competitive advantage for institutional clients.
Direct FX has leveraged the open architecture of the Delta suite to seamlessly integrate several value-added applications that enhance the overall client experience, such as self service client on-boarding, supporting multiple languages, full regulatory client reporting and real time back office integration ensuring clients are provided with the best prices, optimal credit management and direct reporting 24/7.
Commenting upon the decision to select FD, DirectFX’s Director Robert Martin said: “We have chosen FD to be our primary trading technology partner. FD is a market leader in high frequency price aggregation, execution and risk management and will ensure that DirectFX has and maintains a competitive edge.
Following our recent acquisition of Australian forex broker – ODL Australia and further investments in our operational infrastructure, the partnership with FD indicates our commitment to being a leader in online forex trading. Our aim is to offer solutions that are state-of-the-art, cost effective and easy to implement. We have direct access to liquidity from the top global banks which allows us to maintain our competitive edge by providing tighter spreads for our customers.”
Commenting on the partnership, Brian Conlon, CEO of First Derivatives, said: “We are very pleased to partner with such a progressive company as DirectFX. We remain committed to providing innovative solutions in response to the demand for cutting-edge technology in the forex trading markets. Such an endorsement of our Delta Flow trading and risk solution is very gratifying.”