ICAP Selects First Derivatives' Delta Stream to Provide Data Analytics for All EBS Platforms

First Derivatives (AIM: FDP.L, ESM: FDP.I), a provider of software and consulting services to the capital markets industry, has just announced that its Delta Stream product has been selected by EBS, ICAP's electronic FX business, as part of a new data-Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term service offering.

Delta Stream, based on big-data database technology kdb+, captures, stores and analyses large volumes of data within a single platform. It is used to capture billions of equity, FX and fixed income tick-data updates per day and perform analysis of that data in real time.

Brian Conlon, chief executive officer of First Derivatives, commented: “We are delighted to have secured this contract with EBS, one of the world’s leading electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term providers. Its selection of Delta Stream to enhance its analytics capability is further evidence of the power of the Delta platform and the underlying kdb+ database technology.”

EBS has evolved into a multi-product business, operating both order-driven and quote-driven trading platforms via EBS Market and EBS Direct respectively. The firm says that as a result of this growth and planned launch of platforms in 2016 it has chosen to partner with First Derivatives to provide data analytics that will enable "an optimised trading experience" for all customers across all platforms.

Viral Tolat, CTO and global head of products at EBS, commented: “We look forward to working with a leading partner like First Derivatives to enhance our customers’ trading experience with best-in-class execution analysis. Advanced data analytics allows us to enhance the EBS offering ensuring we are at the forefront of professional FX trading technology.”

The managed service will be hosted by First Derivatives and, following a rapid deployment, is expected to be live by Q2 2015. It will be provided under an initial three-year managed service contract.