The combined service leverages the back-end capabilities of First Derivatives’ Delta Flow platform, such as connectivity to liquidity sources, aggregation, price spreading, risk and credit management, with FTT’s middle and front end trading functionality including the T3 Hub, MT4 servers and Broker Tools. The first implementations include a Japanese broker serving its downstream clients, along with a London-based prime broker providing liquidity and credit services.
Delta Flow is an enterprise-wide multi-asset trading solution supporting financial services firms’ ability to provide OTC instruments such as FX, metals, NDFs and CFDs to their international client base. FTT is a technology provider that offers a middle and front end trading solution to banks and brokerages in the retail FX market. For this initial implementation FTT have developed an interface between their services and Delta Flow to offer a best of breed, front-to-back, integrated solution. First Derivatives will host Delta Flow and FTT will host their components. Both will be collocated in Tokyo.
Under the new solution brokers and their clients will benefit from enhanced access to liquidity, along with powerful credit and risk management capabilities supporting both A and B book trading. Credit can now be managed on a margin basis all the way down to the individual account level and monitored from a single dashboard.
John Beckert, MD First Derivatives, commented: “First Derivatives is pleased to be working with FTT to integrate their strong front and middle office service components into Delta Flow’s open architecture. The integration of these two compatible, best of breed services offers financial services firms a strong end to end solution.”
Finn Jakobsen, COO Fair Trading Technology, commented: “We are excited about the cooperation with First Derivatives. We are widening our product portfolio dramatically, and can now provide an advanced full-scale trading solution to bank and brokerages at competitive pricing, and we are doing this in cooperation with an esteemed company with a long history. We see a lot of potential in this.”
Both First Derivatives and FTT will market the integrated solution to their respective client bases.