View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 4, 2010

First Derivatives Acquires RDF To Expand Footprint In Capital Markets

First Derivatives, a provider of software and consulting services to global investment banks and hedge funds has acquired Reference Data Factory (RDF), a New York-based technology company specialising in financial data management systems, in a deal worth approximately $10m.

By CBR Staff Writer

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.”

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

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.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.