First Derivatives strikes deal with Australian Securities and Investment Commission

First Derivatives has signed a multi-year annual software licence with the Australian Securities and Investment Commission to provide a new market surveillance system, the company reported Thursday.

First Derivatives has signed a multi-year annual software licence with the Australian Securities and Investment Commission to provide a new market surveillance system, the company reported Thursday.

The Irish-based provider of software and consulting services will implement its Delta Stream, a market data capture and analytics platform.

The Australian government body will use Delta Stream to meet its statutory obligation to oversee the country's licensed financial markets.

The platform, which was launched in 2008, will help monitor any prohibited market trading across the range of asset classes and products. The system screens different asset classes including equities and fixed income and analyses large data volumes using a single platform.

First Derivatives Chief Executive Officer Brian Conlon said: "We are delighted with the decision by ASIC to use Delta Stream as their chosen platform for market surveillance. Delta Stream will allow ASIC to quickly respond to evolving market regulations, the introduction of new products and projected increases in data volumes.

"The domain knowledge and technical capabilities of our professional services teams leave us ideally placed to design and manage the hosting of this solution and to partner with ASIC in developing analytics to help maintain efficient and orderly markets."

ASIC said the system would help interrogate data and monitor market activity as the complexity of the market grows with the increased use of technology and the faster and higher volume of trades.

First Derivative, which has a market capitalisation of £89.01m, has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.

RD

Recommended

Best junior stocks and shares ISA platforms
Isas

Best junior stocks and shares ISA platforms

A junior stocks and shares ISA is a great way to save for your child tax-efficiently. But it can be confusing deciding which investment platform to ch…
28 Mar 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023

Most Popular

Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Ofgem’s price cap is now predicted to fall to around £2,000, based on average typical use, for the first time since 2022. We have all the details.
31 Mar 2023
Best areas for buy-to-let in the UK
Buy to let

Best areas for buy-to-let in the UK

If you’re thinking of getting a buy-to-let property you’ll want to know the areas in the country with the highest rental yields
29 Mar 2023
The best one-year fixed savings accounts - March 2023
Savings

The best one-year fixed savings accounts - March 2023

Earn over 4% on one-year fixed savings accounts.
30 Mar 2023