RTS Realtime Systems to make strategic investment in Indian firm
First Published 31st December 1969
Trading platform provider RTS Realtime Systems confirm intention to acquire Indian technology firm First Futures Software Engineering.</p>
Following news in April of the opening of a sales and support
office in Mumbai [Click
HERE for earlier story], RTS Realtime Systems have today
anounced their intention to acquire technology solutions provider
First Futures Software Engineering (FFS) based in Pune, India.
The transaction will be the first acquisition made by RTS in their 19 year history, and will allow RTS to add depth to its development team, add additional complementary products to their global product suite, and offer increased distribution for FFS products with RTS' global footprint.
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."
Commenting on the acquisition, RTS CEO Steffen Gemuenden told us, "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 have already made recent investments in the region with connectivity 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), and outlined their commitment to commodity markets in general in an exclusive interview with Automated Trader earlier this year.