First Derivatives is certainly not wasting any time. After acquiring Cognotec’s technology a day after it went into a receivership two months later it announced that a first client to use Cognotec’s technology was signed.
AFT, a Japanese, broker will use its Delta RealStream forex software solution as the platform on which its institutional and retail clients can trade foreign exchange. AFT will launch the service in the Japanese market under the MarketLink brand. The entire platform will be in Japanese and fully complies with Japanese regulatory requirements.
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Delta RealStream is a comprehensive, integrated platform that enables brokers and banks to offer web-trading to their FX customers. It includes a powerful front-end trading suite, with extensive back-end controls to manage credit risk. It also generates and manages pricing by cleansing, blending and distributing rates through predetermined pricing channels. One of the key features of Delta RealStream is its ability to connect users to multiple pools of liquidity. Whilst adopting market standards, the connectivity tools have been optimised to deliver low latency connectivity to major liquidity sources, facilitating flexibility in sourcing liquidity and ensuring best bid/offer execution.
This represents a very important step for First Derivatives as Japanese market is probably the largest forex market in the world. I’m sure this deal is not going to be the last one for this company in Japan this year.