First Derivatives sells DMA software to Forex Club

Financial software provider First Derivatives and leading Russia-based FX firm Forex Club announced that Forex Club will be using First Derivatives’ Delta Flow connectivity solution to liquidity providers.

Forex Club has been making a number of key strategic moves recently, including the hiring of ex-E*Trade senior vice president Michael Klena as head of their U.S. operations, and raising (an estimated) $15 million from Russia-based private equity firm Quadro. Forex Club, along with Alpari, dominates the Russian Forex market.

For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.

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