First Derivatives signs up Forex Club as its first client in Eastern Europe

Forex Club is going to be the second retail forex broker utilizing First Derivatives’s technology, Real Forex being the first

Forex Club is going to be the second retail forex broker utilizing First Derivatives’s technology, Real Forex being the first one. First Derivatives has one of the most sophisticated and advanced trading engines in the market having acquired Cognotec’s fx technology back in 2010.

First Derivatives (AIM: FDP.L, ESM:FDP.I), a leading provider of software and consulting services to global investment banks, brokers and hedge funds, announces it has entered a strategic partnership (“partnership”) with FOREX CLUB, an international online broker. The partnership will enable FOREX CLUB clients to benefit from First Derivatives’ Delta Flow™ trading technology by providing them with best quality execution, spreads and pricing.

The agreement is First Derivatives’ first partnership with a privately owned retail FX broker based in Russia and the Commonwealth of Independent States (‘CIS’). First Derivatives’ Delta trading platform will ensure FOREX CLUB’s global client base is plugged directly into the heart of the foreign exchange market by facilitating global access to the largest liquidity pools in the market, provided by 12 leading global banks.

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Using the latest standardised connectivity from centralised data centres in the world, FOREX CLUB is now able to provide its clients with ultra-low latency and unlimited connectivity, thereby delivering an institutional level of service across all its platforms including StartFX2, MT4, ActTrader™ and Rumus.

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John Beckert, MD e-Trading & Risk Management Solutions at First Derivatives, said: “Our business development model is predicated on the need to focus on those clients who can demonstrate a market vision underpinned by a solid business plan. This is vital to our growth as well as our clients.

Collaborating with a firm such as FOREX CLUB enhances our ability to deliver market leading enterprise wide solutions to the broker sector of the market. We pride ourselves on partnering with clients for mutual business success and long-term profitability. On this basis, we welcome FOREX CLUB as our newest partner. By leveraging our best-in-class technologies and consultancy, we believe that FOREX CLUB is well-placed to strengthen its competitive position in the retail forex market. At the same time, their decision to adopt our Delta Flow™ trading technology underlines our commitment to providing innovative and cutting edge solutions to the forex trading markets.”

Brian Conlon, CEO of First Derivatives further commented: “We are very pleased to partner with a leading international online broker such as FOREX CLUB. This partnership further demonstrates our commitment to providing innovative solutions for our global clients and positions our Delta Flow technology at the forefront of forex trading solutions.

Demetrios Zamboglou, Head of Hedge & Quant at FOREX CLUB, said: “We are delighted to have reached an agreement with First Derivatives to be our primary trading technology partner. This demonstrates our commitment to becoming a global leader in online retail FX trading. By ensuring direct client access to multiple pools of liquidity from the top global banks, we strengthen our competitive edge by giving clients tighter spreads and best execution practices.”

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