The move follows the RTS announcement in April of plans to open the firmâs first office in India to service a growing client base in the country. The acquisition enables RTS to gain a highly skilled and experienced development team in India and a complementary, state-of-the-art global product suite, while substantially increasing the distribution potential of FFS products and services globally.
âWe are delighted to bring the talented team at FFS into RTS and to enable our respective clients all over the world to benefit from the powerful combination of robust technology, connectivity and broad trading solution capabilities,â RTS CEO Steffen Gemuenden said.
RTS offers Indian trading and brokerage firms the ability to connect to Indiaâs major exchanges, including the Multi Commodity Exchange of India Ltd. (MCX), the National Commodity & Derivatives Exchange Limited (NCDEX), the National Stock Exchange of India Limited (NSE), the Bombay Stock Exchange Ltd. (BSE) and the recently launched United Stock Exchange of India Ltd. (USE). The firmâs algorithmic trading solutions, RTD Tango and RTD Tango Trader, help market participants trade in multiple asset classes as well as capture trading opportunities and manage their risk.
Gemuenden added: âWe serve many of the worldâs most demanding and elite financial institutions, exchanges, proprietary trading firms, low latency and high-frequency trading firms as well as commodity supply chain management firms. It was critical to us that any integration meets our stringent standards of high-performance, user-friendly and value-added technology, and we believe FFS is the ideal partner.â
Yann SÃ©nÃ©cheau, FFS Co-founder and Managing Director, said: âThe acquisition by RTS gives us the ability to expand our products on a global scale and leverage the technology each firm has developed. Our development and support center team in India can offer tremendous resources to the growing RTS elite client base in the country and globally.â