Published On: Tue, May 24th, 2011

RTS to Acquire First Futures Software in India

RTS Realtime Systems Group (RTS), a leading global trading solutions provider headquartered in Frankfurt, Germany, announced May 24 that it has signed a letter of intent and entered into exclusive negotiations to acquire First Futures Software Engineering Pvt. Ltd. (FFS), a high-end technology solutions provider in Pune, India. The transaction marks RTS’ first acquisition of another company since its founding in 1992.

The move follows the RTS announcement in April of plans to open the firm’s 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.

“We 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,” RTS CEO Steffen Gemuenden said.

RTS offers Indian trading and brokerage firms the ability to connect to India’s 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 firm’s 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: “We serve many of the world’s 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.”

Yann Sénécheau, FFS Co-founder and Managing Director, said: “The 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.”

About the Author

-

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited