New real-time derivatives reporting system for SGX: First Derivatives

Singapore - 2 April 2012

First Derivatives (AIM:FDP.L, ESM:GYQ.I), a leading provider of software and consulting services to the capital markets industry, today announced it had delivered a bespoke solution based on its Delta Stream CEP product for real-time derivatives markets reporting – Project MARS – to Singapore Exchange (SGX).

This is the third project First Derivatives has delivered to SGX for real-time monitoring of derivatives trading activity. In 2011, systems for monitoring market-making and equities trading activity were delivered to SGX.

“There’s a strong focus globally on managing risk within exchange environments,” said John Miller, Director, Asia for First Derivatives. “The speeds at which market participants are moving mean exchanges need to adapt quickly to be able to keep up. It’s great to see SGX leading the way in this within our region, and we are very pleased to have been able to deliver the solution they needed to do that.”

Project MARS captures every order and trade message in the SGX trading engines, and provides real-time and historical reporting of SGX trading engine data, making the information more accessible to users. All data is also persisted to a historical database.

MARS went live on Aug 15, 2011, when SGX rolled out its Reach trading engine for its securities market. Reach is the world’s fastest trading engine with ultra-low latency and significantly higher capacity.

The project, an extension of FD’s Delta Stream solution, was delivered and implemented by First Derivatives, together with its Singapore sales partner, BrokerEdge Systems Advisors Pte Ltd.

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