Delta is First Derivativesâ powerful and growing suite of capital markets software. Delta RDF is an open platform for managing reference data with off-the-shelf and configurable feed handlers, data model / transformation engine and distribution / enrichment suite.
Brian Conlon, CEO of First Derivatives plc, commented: âWe are delighted to announce this deal for Delta Reference Data Factory. Algorithmics is a leading player in risk management and their requirements for reference data management are comprehensive and forward looking. Algorithmicsâ selection of Delta RDF is a strong endorsement, and demonstrates the value of our proven capabilities and open architecture. The deal represents a strong win for First Derivatives and is a validation of the RDF platform, acquired by First Derivatives in 2009.â
Algorithmicsâ President and COO, Michael Zerbs, added: âWe conducted a thorough proof of concept with Delta Reference Data Factory. It exceeded our expectations and we are very pleased to have found a solution and a firm that meets our requirements so well. We are looking forward to working with First Derivatives.â