London/1 November 2001: Future Dynamics Limited (FDL), the leading supplier of electronic straight through processing products for the derivatives industry, has announced the completion of a further round of funding. European venture capital investment firm, Catalyst Fund Management & Research Ltd (Catalyst) led the funding.
The funding will allow FDL to develop its position as the leading provider of innovative technology to the listed and OTC derivatives markets on both sides of the Atlantic.
Steve Grob, Future Dynamics’ CEO said, “ FDL always set out to have a multi product strategy so that our clients can truly deliver effective STP frameworks and so re-engineer their businesses for the electronic age. In the current economic climate being able to do this with a proven ROI justification is important to all our clients. Being able to demonstrate that the business has continued traction in its chosen markets was crucial in completing this round”
Chief Executive of Catalyst, Rod Schwartz, commented, “ Future Dynamics is a company with an excellent management team, great technology and a leading market position in a highly attractive market place. We are delighted to support their continuing growth.”
In 2001, Future Dynamics successfully added two more products to its integrated STP products suite. The original range consists of:
-Crossfire, a re-brandable order routing system that works over networks, the web or handheld computers.
-Load and Go, a web portal that delivers intelligent views of back office data to clients.
-Viewpoint, a middle office system that automates matching and allocation of orders via a rules based engine.
The new products are:
-Rollcage, a post trade risk management tool that intelligently links
front and back office to provide dynamic real time risk management.
-Topline, a data analysis tool that allows firms to assess client profitability, revenue and efficiency across multiple product types.