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First Derivatives Develops New Adaptor for Fast Connectivity to BGC Partners’ Electronic Trading Platform

First Derivatives, a leading provider of consulting and software solutions to the global capital markets, is pleased to announce the addition of a BGC Adaptor to its Delta product suite. The new BGC Adaptor allows clients to connect the Delta platform, which is powered by kdb+, directly to BGC Partners’ eSpeed electronic platform for market data, execution and order routing services.

Brian Conlon CEO of First Derivatives explained, “The addition of the BGC platform to the Delta portfolio allows our clients to develop fully automated trading systems across multiple global interest rate, FX and futures markets in a matter of days. BGC’s deep liquidity in the US treasury marketplace, alongside ELX’s soon to be launched futures exchange allows our clients to expand the reach of their automated trading systems into all aspects of US interest rates, from a single interface.”

The adaptor has already been used with great success in the cash treasury markets by a selected group of customers.

This release of the BGC Adaptor to the rest of First Derivatives’ Delta customers focuses on providing access to BGC Partners’ US treasury cash, swap and basis markets, to BGC’s FX products and ELX futures. Based on customer demand, First Derivatives will continue to work with BGC Partners to extend the Adaptor into other marketplaces as they become available on the BGC platform.

Robert Brown, Global Head of eBusiness Integration. added, “We are delighted to have worked closely with First Derivatives as part of our ‘preferred vendor program’ giving algorithmic traders access to an increasing range of products on BGC’s electronic platform, eSpeed. Today this solution offers an efficient trading mechanism for our US treasury cash and for ELX futures, for which BGC provides the technology. With growing demand for automation of new products such as international government bonds, we look forward to working further with First Derivatives to extend these and other instruments to the algorithmic trading community.”