The acquisition of RDF by First Derivatives broadens the range of Delta products on offer by introducing reference data solutions. It also enables First Derivatives to leverage this subject matter expertise into its consulting service offering.
As part of the acquisition, Dale Richards, CEO of LakeFront Data Ventures and board member of RDF joins the advisory board of First Derivatives. Mr Richards was CEO of Benton Associates, CEO of FAME Information Services and president of Enterprise Data at SunGard. He will be helping the First Derivatives board to maximise the value of RDF.
Brian Conlon, CEO of First Derivatives, said: “The power of RDF software and skills of RDF executive team complement those of First Derivatives extremely well. RDF product suite will fit seamlessly into our Delta product suite which now offers leading products in both Market Data and Reference Data Management.
RDF has a successful track record developing financial enterprise data management software, combined with world class data expertise. We will continue to invest in R&D and the acquisition will expand our data management capabilities.”
Garry Wright, CTO of RDF, said: We are excited about the opportunities that this deal creates. It gives our existing product suite additional channels to market through the existing First Derivatives client base, as well as extending out global footprint. We are looking forward to leveraging the synergies that this deal offers.”
First Derivatives’ Delta suite of products includes algorithmic/program trading solutions, market data solutions, risk management applications and market data management software. First Derivatives also provides consulting services to clients, across the globe with operational centres in Europe (London and Stockholm), Amercias (New York, Chicago and Toronto) and Asia (Sydney, Singapore, Hong Kong and Shanghai).
RDF provides data architecture, reference data, data models and security master software in the field of financial data management.
