First Derivatives Launches Third-Party Vendor Services

UK-based First Derivatives has formed a strategic vendor services practice focused on the implementation, delivery and support of third-party trading technology platforms.

The company will launch its initial services based on Calypso Technology’s capital markets platform, which offers cross asset trading and risk management.

The announcement leverages the considerable investment that First Derivatives, a provider of software and consulting services to global investment banks and hedge funds, says it has made in its capital markets consulting division. Continued global expansion will result in that team growing to over 500 plus highly skilled consultants in 2012.

The strategic aspect of the practice is a focus on streamlining processes for implementation, support and upgrades with the aim of reducing the total cost of ownership for their clients, according to the company in its release. This is an important step on the company’s consulting roadmap to build a global practice with front to back services based on market leading 3rd party trading technologies, noted the company in its release.

“First Derivatives understands the challenges facing institutions as they embark on implementing 3rd party vendor systems. Our considerable expertise and exceptional reputation allows us to truly provide full lifecycle support across the most difficult and technologically challenging projects, commented Brian Conlon, CEO of First Derivatives, in today’s release.

“The Calypso services initiation is a very critical part of our vendor services strategy. Our reputation has been built on providing value and expertise to our capital markets clients. Calypso is at the forefront of technology solutions and we are wholly committed to providing excellence and to reduce time to market alongside continuing our pragmatic commercial approach”.

First Derivatives will provide a full service covering the initial assessment of vendors systems, the de-commissioning of legacy systems through to implementing and supporting Calypso with the directive of steering clients towards long term stability of usage in relation to their 3rd party systems.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio