Published On: Wed, Apr 27th, 2011

ANZ Adds First Derivatives to Build Upon its Global FX Strategy

First Derivatives, a leading provider of software and consulting services to the capital markets industry announced April 27 that Australia and New Zealand Banking Group (ANZ), one of the largest banks in Australia, is now live with its Delta Stream market data capture and analytics solution for its eFX business. ANZ eFX now has unrivalled computational power, flexibility and speed to rapidly produce complex analytics to enhance real-time FX trading operations.

ANZ deployed First Derivatives’ Delta Stream (powered by the market leading kdb+ database – developed by Kx Systems) in its Melbourne and Sydney trading centers, with access available to remote users as the system uses a web browser front-end to access and chart analytics.

“This has been a very successful implementation for ANZ eFX,” said Luke Marriott, Global Head eFX and Franchise, ANZ Banking Group. “We have aggressive timelines and exacting standards. After a rapid selection process starting in late 2010, First Derivatives assisted with the evaluation, implementation and integration in a rapid timeframe of less than two months to enable live market data capture with full order book depth. We continue to work with specialist consultants alongside our team to roll out further analytics and graphical views of real-time trading data that was not previously possible for us to visualize,” said Marriott.

He added: “The performance of Delta Stream and the kdb+ database has been impressive; even in the face of recent volume spikes the system continues to perform faultlessly with inherent ability to scale to meet future business expansion. Complex analytics have been produced in days, providing both real-time and historic management information to the heads of FX trading operations across all currencies. The system provides complete real-time and historic visibility of our trading data, including spreads, liquidity, trade cost analysis and we can ask ‘what if …’ questions of our trading operations intraday. This further ensures our ability to be at the forefront in today’s FX marketplace, deliver improved service to our global client base and maintain a competitive position with global peers.”

First Derivatives has operated globally in the capital markets consulting and technology space for more than 15 years, supporting key clients to build competitive trading systems withmarket-leading technology. The kdb+ database is used within most top tier leading banks, investment banks and hedge funds globally and is a strategic component of the First Derivatives Delta Stream infrastructure. Delta Stream combines unrivalled flexibility and performance to deliver simple yet sophisticated analytics across any required real-time data and all asset classes.

“Delta Stream provides a comprehensive market data capture and analytics platform, which can feed directly into quantitative analysis and algorithmic trading strategies, which are now an imminent next stage for ANZ to further expand the system,” said Rob Hodgkinson, Director of First Derivatives Australian Operations. “The kdb+ database engine is the only choice for high frequency data operations in today’s volatile market volumes.”

Brian Conlon, CEO of First Derivatives plc, said, “FX trading volumes are growing globally and have kindled great demand for high capacity, high frequency real-time solutions such as those which First Derivatives provides to large banks, investment banks and hedge funds globally. We are delighted to work with ANZ eFX, a key client in APAC, to support their operations and expansion during these times of high volatility in financial markets. We see our business relationship as more of a partnership for the future for both organisations and will ensure ANZ remains competitive as it expands its global FX strategy.”

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