ANZ goes live with First Derivatives' Delta Stream

Brian Conlon, CEO, First Derivatives plc

"We see our business relationship as more of a partnership in the future for both organisations and will ensure ANZ remains competitive as it expands its global FX strategy."

First Derivatives has announced that Australia and New Zealand Banking Group (ANZ) is now live with its Delta Stream market data capture and analytics solution for its eFX business.

ANZ has deployed First Derivatives' Delta Stream (which is powered by the market leading kdb+ database - developed by Kx Systems) in its Melbourne and Sydney trading centers, with access available to remote users as the system uses a web browser front-end to access and chart the analytics.

"Delta Stream provides a comprehensive market data capture and analytics platform, which can feed directly into quantitative analysis and algorithmic trading strategies, which are now an imminent next stage for ANZ to further expand the system", said Rob Hodgkinson, a Director of First Derivatives Australian Operations. "The kdb+ database engine is the only choice for high frequency data operations in today's volatile market volumes."

Brian Conlon, CEO of First Derivatives plc, said, "FX trading volumes are growing globally and this has kindled great demand for high capacity, high frequency real-time solutions such as those which First Derivatives has provided to large banks, investment banks and hedge funds globally. We are delighted to be working with ANZ eFX as a key client in APAC, supporting their operations and business expansion during these times of high volatility in financial markets. We see our business relationship as more of a partnership in the future for both organisations and will ensure ANZ remains competitive as it expands its global FX strategy.

"This has been a very successful implementation for ANZ eFX," said Luke Marriott, Global Head eFX and Franchise, ANZ Banking Group. "We have aggressive timelines and exacting standards. After a rapid selection process starting in late 2010, First Derivatives assisted with the evaluation, implementation and integration in a rapid timeframe of less than two months to enable live market data capture with full order book depth. We are continuing to work with specialist consultants alongside our team to roll out further analytics and graphical views of the real-time trading data that were not previously possible for us to visualize," said Marriott.