Page 1 of 16 Delta Stream Calypso Services Calypso Services
Calypso Services from First Derivatives include implementation, development, training and support to manage the complete application lifecycle Completeness, accuracy and timeliness are the three tenets of robust transaction management - and it is in trading systems such as Calypso that they must be unambiguously evident. From deal capture and position management through to transaction processing and settlement, these solutions serve as systems of record and channels of mission critical data to multiple downstream processes. As a result their accuracy and reliability are paramount; configurations must be accurate, interfaces robust and static data complete. Not only must they be stable, however, they must also be agile enough to incorporate new functionality demanded by market developments and regulatory requirements. Implementing and maintaining systems to these high standards requires knowledge, process and pedigree. First Derivatives (FD) provides all three to ensure your Calypso implementation meets these exacting challenges. Choosing FD to provide third party application services brings a number of advantages to clients including: - Consistency and reliability of experienced resources. FD has dedicated Calypso consultants who provide consistency of service and internal training programmes that maintain and replenish their skills and expertise. - Delta Operations Network a suite of tools, automation and best-practice processes enabling teams to manage applications consistent, optimised and efficient manner - Domain and technology expertise guaranteed through an extensive capital markets training program, which has enabled FD to establish a world-renowned reputation for delivery and quality. - Reducing total cost of ownership by optimising solutions, minimising errors and streamlining processes - FD services are delivered with a spirit of speed and flexibility its global footprint enables it to deploy resources world-wide at short notice and can draw upon an extensive talent pool as short term needs arise. FD offers a hybrid delivery model through a mix of On-shore and Near Shore services. This approach to reducing costs coupled with the offer of fixed price engagements for qualified projects enables clients to significantly reduce the TCO of their Calypso implementations. First Derivatives (FD) provides implementation and support services to the world s leading financial institutions. In that capacity it has considerable experience in delivering Calypso solutions. FD is expert not only in its field but also has an expert methodology to ensure that our clients get the best advice. Our Vendor Services team is dedicated to giving you the best possible service in line with your expectations and requirements. Our goal is to be the first choice provider of Calypso Consultancy services Our culture is to partner and support our clients FD s experience of Calypso is underpinned by deep domain knowledge across all aspects of the application and across all asset classes Page 2 of 16
The Calypso Service FD s Calypso practice assists organisations in comprehensively and cost effectively managing their Calypso applications and environments. It has established particular expertise in the implementation of Calypso Fast Track which accelerates the time to market for the Calypso solution and benefits from personnel with its rank who occupied senior roles within Calypso, including the management of Professional Services Operations for Calypso in EMEA (Europe, Middle East & Africa) and APAC (Asia Pacific). Augmented by experts in business analysis, testing, project management and technology FD provides services that enable clients to derive maximum value from their strategic investment in Calypso. FD provides Calypso services in the following areas: Implementing Calypso Management and Planning - a proven methodology and experience for undertaking the complex work of implementing or migrating to Calypso in an optimal and timely manner. Integration - Analysis and mapping of data design and implementation of interfaces Implementation - Scoping, planning, phasing, costing and delivering projects Training - Ensuring end users have necessary training/suppot on new implementations Enhancing Calypso Enhancing - Identifying, implementing & supporting challenging business needs Upgrades - Services designed to ensure that the complex task of upgrading is smooth, stable and timely and meets the underlying business needs Testing- FD offer various types of testing services to cover new implementations and existing functionality Managing Calypso Monitoring - infrastruction monitoring of server profiles and work load, application monitoring of engines status, sheduled tasks and daily processing Support Services - Level 1 to Level 3 support for Calypso applications, provided onsite or on a Near Shore basis. Health Check - Identifying weaknesses, potential risks and mitigation measures Staff Augmentation - To support changing business needs and short term requirements To deliver these services consistently and comprehensively FD maintains a significant resource pool of talented Calypso personnel who can assist in all aspects of implementations including integration, price feeds, market data, position management, valuations, workflow, SWIFT, clearing, CCP, messaging and scheduled tasks. It can provide complete project resources ranging from junior consultants at competitive rates, to senior business/technical analysts, developers and project managers either as complete teams or as individuals to augment existing projects. Delivery is further enhanced by the Delta Operations Network that offers a suite of tools, automation and best-practice processes. New to the First Derivatives Third Party Vendor services is the provision of fixed-price or capped-price development projects. In these engagements FD gathers requirements onsite and delivers detailed design specifications and project costing to clients for their sign off. FD then develops, tests and delivers the required functionality from its Near Shore centres. This provides clients with the benefit of cost effective, fixed-price delivery coupled with a proximity that facilitates good communication, close cooperation and where required, on-site accessibility that ensures timeliness and quality of delivery. New Service Offering: Fixed-price / Capped charge and Near Shore Delivery FD is engaged in projects across mainland financial centres in Europe, US and Asia and also in Emerging Markets. First Derivatives can offer services on a hybrid model, either On-shore in client sites, or Near Shore from dedicated delivery centres in Northern Ireland, North America and Asia. Page 3 of 16
Why FD FD has over 16 years experience in providing consulting and support services to the Capital Markets. In that capacity it specialises in assisting clients in implementing, supporting, upgrading, enhancing, testing and decommissioning leading trading applications. As a result it has accumulated unparalleled experience in working with leading technologies such as Calypso, Murex, Wall Street, kdb+, Summit. It makes this knowledge and expertise available to clients through its Third Party Vendors Services FD consultants provided under the Third Party Vendor Services have skills in project, development and support work across a variety of roles which span business analysis, documentation, prototyping, testing, day to day issue resolution, configuration, migration and development. Our consultants are highly trained across asset classes and possess transaction knowledge and integration requirements from front office to back office and supporting systems in the middle office. Calypso Specialists Experience Scalability Costs Near Shore Delta Operations Network Multiple Calypso projects Extensive product knowledge Full lifeycle maintenance Applicaion maintenance is the heart of our company Best Practice processes Leadership Managed bench of highly trained consultants Strong balance sheet Commitment to growth Fixed Fee KPIs & penalties Flexibility Low Cost No Visa issues Governtment backing In providing these services FD has gained an exceptional reputation for the quality of its deliverables and its people A suite of tools to automate and contol the full product lifecycle Monitoring, and synchronisation tools Streamlined configuration management What makes us different? We specialize in Capital Markets and Calypso We invest in our business - FD recruits approximately 100 graduates each year. We invest in our people - FD has a 2 year Capital Markets Training programme. We invest in our clients and respond to market needs by building Near Shore centres of excellence. We invest in our tools - FD continues to develop its industry standard tools to reduce implementation timescales. We are agile - Resources can be allocated dynamically to meet business demand. We reduce client s TCO through our efficiencies. The Importance of Training Training is at the heart of everything we undertake at First Derivatives. For Calypso services we have a state of the art Training Facility and program through which each one of our employees proceed. Our project experience has shown that the investment in training is one certain step IT managers can take to ensure project teams possess the skills necessary to reduce failure risk, decrease costs, and increase project effectiveness. FD s training platform is a web based application which provides access to all training collateral, FAQs Trouble Shooting guides and a forum for Helpdesk Support questions. FD s unique advantage within the capital markets industry is that all consultants have extensive technical and functional knowledge of leading third-party trading platforms. This enables them to understand both business and technical requirements alike and to engage meaningfully with traders, IT, management, support and testing departments to quickly understand and service their needs. In the fast moving trading environment there is little time for on-the-job training so FD invests in advance to ensure it has experts to deal knowledgably and directly with your experts. We train our staff, you avail of their expertise. Page 4 of 16
Implementing Calypso FD has developed an approach and toolset called the Delta Operations Network for implementing Calypso projects in a controlled, cost effective and optimised manner. Its implementation methodology is based on ensuring that the project team have a complete and unambiguous understanding of the business requirements and enables them to adopt an iterative process of prototyping throughout the design and build phase. Throughout the Requirements & Analysis phase we continuously compare the users requirements to the Calypso FastTrack process so that the client leverages as much functionality as possible. The Requirements & Analysis phase enables the project team to have a very clear definition of the implementation scope. It is also within our project methodology to deliver prototypes to the project business analysts and users throughout the design and build phase. This allows the users to begin initial testing and also to provide their feedback to the implementation team on the progress of the design and build phase. For integration FD has a long and established background in analyzing, building and testing interfaces whether they are simple FTP file generations or more complex bi-directional data transfers between 3 rd party technology providers. Our dedicated team of qualified Calypso developers are highly experienced with the API and Data Model which facilitates a reduced time to market for integration phasing. We promote the early usage of a Test strategy order to define the exact requirements and deliverables for System Integration Testing and also User Acceptance Testing. First Derivatives can take a leading role in the Test cases design and the Operating Procedures documentation. We have been commended by our clients for initiating this approach as it allows them to focus early on the testing whilst First Derivatives concentrate on the design and build. FD also provides Training across the full spectrum from to back office end usage to support and maintenance. Training can tailored to specific client needs or subject areas and can be delivered either onsite or on a Near Shore basis. We allow for a seamless transition to Production Support and First Derivatives place a significant emphasis on the importance of ensuring the application is well maintained throughout its engagement. This is achieved through monitoring tools that enable detection and early notification of system or process errors. Recognising that in many occasions the adoption of Calypso will entail the migration from an existing inhouse or third party application FD has extended its implementation methodology to cater for specific steps around migration, validation and reconciliation of trades, static data, books, reference data, positions and valuation etc that are critical for the adoption of the new system. Page 5 of 16
Enhancing Calypso First Derivatives has extensive expertise in the enhancement of the Calypso system across a range of projects and areas in cluding trade and Static Messaging (using Argon, XML/ XLST, flat-file & Bloomberg), Calypso System management (Calypso, Unix, Ant, EOD procedures, JFCUnit/JUnit), Calypso Engine and Feed Development: Specific services include: Workflow creation and amendments Engine creation and configuration Custom GUI Development Custom Administration tools development External Messaging Automated testing (GUI and API) Custom Pricer Objects Oracle Database Optimisation Upgrades Upgrades may be driven by the business needs to employ new functionality or operational processes or by the need to resolve audit issues, improve performance or respond to the latest market developments. Alternatively they may be driven by vendors or by technology needs. Whatever the driver upgrades are complex undertakings and require careful planning and execution to mitigate the associated risk. First Derivatives can advise on the optimum upgrade path, challenges and mitigations required to ensure a successful project Increasingly existing Calypso clients are seeking to carry out a parallel run prior to going live with an upgrade to reduce the business risk. As part of the Delta Operations Network, Delta Auto Synch provides a synchronisation between versions. By completing automated real-time business simulations between the production version and the target upgrade versions clients can significantly mitigate exposure to post upgrade issues. Delta Auto Synch for Parallel Runs Page 6 of 16
Testing Our philosophy to testing is underpinned by the fact that the later an issue or bug is found, the longer and more costly it is to fix. FD s standard testing approach is outlined in the diagram below: Functionality testing is used to determine that a system satisfies the requirements specified in the requirements analysis phase and satisfies user acceptance criteria. The acceptance test design is derived from the requirements document. Regression testing is the execution of previously executed test cases against an updated version of the software to ensure earlier defects have been addressed and changes made have not introduced new defects or reintroduced old ones. Performance testing is carried out to ensure that the software has been built and designed to meet the response times and throughput defined by the client. It can also serve to validate and verify other quality attributes of the system, such as scalability, reliability and resource usage and includes load testing, stress testing, endurance testing and spike testing Automated Regression Testing Based on the experience gleaned from successful system migrations and upgrades, FD has built an automated regression testing solution called Delta Rec with the Delta Operations Network. This application tests how the delivery of a new Calypso release into production will impact the current production. Using a multi-day scenario Delta Rec reconciles output files from the Reference Environment (current production) against that of the upgrade (Test Environment) in order to identify matches, breaks and duplications. It has the capability of putting through billions of rows of data to return both matched & unmatched results in a highly perfomant manner. Delta Rec can also be used for Regression Testing, Black Box Tests, New Releases, Parallel Runs, Reconciliations & Upgrades. Page 7 of 16
Managing Calypso As financial institutions strive to reduce the Total Cost of Ownership of vendor packages, close attention is paid to the management of these applications through proactive monitoring of system performance, support services and periodic system health checks Monitoring. FD provides monitoring screens that enable support teams to view metrics and statistics on individual servers at an infrastructure level configurable with alerts to highlight when key indicators like memory utilisation, CPU, queue depths or disk usage exceed predefined limits. Early detection in this manner enables swift, targeted remedial action. Similarly, at the application level users can view details on engine status, processing backlogs, scheduled tasks, and information on long running queries when started and by whom. Additional monitoring services include Application Monitoring Console Monitoring Admin Monitor Cache Monitoring Database File-systems monitoring End of Day Job Monitoring Monitoring Market Data Monitoring Static Data Monitoring of curve surfaces SFTP, Unix scripts / Cron jobs Monitoring of PnL, Risk Reports Monitoring of Scheduled tasks Monitoring of Trade processing Monitoring Interfaces / Feeds Environment Management Data server start and stop Engines start and stop Resolving DB Locks Hot Fix Patches Configuration Issues Rollout of patches Custom Code/Database Fixes Regression testing Release Management Setup of new Jobs Executions of Standard Operating Procedures (SOPs) Rerun of batch jobs Business Support On Demand requests Ad hoc Report generation Ad hoc run of scheduled task Functional query resolutions User Management Workflow Management Execution of Custom utilities Manual upload of market data Swift MSG, Fax confirmation regeneration Domain value updates Incremental comparisons of Minor Enhancements Major enhancements Page 8 of 16
Support Services First Derivatives has a well-defined and mature production support management process encapsulated into the Delta Operations Network which allows effective capture, reporting, tracking and resolution of issues. The service includes: 1 st Line support and system monitoring, incidents and support requested are logged and Calypso is monitored and management reports are produced. 2 nd Line support, incidents are analysed and resolved through configuration or small scale fixes. 3 rd Line support, bugs are fixed, incidents and problems managed and first and second line escalations and small enhancements made. Governance and transparency around support is achieved though well defined procedures for issue tracking, issue categorisation, agreed response time and escalation procedures via a dedicated service desk that provides a single point of contact for customers. Additional services are available for configuration changes and release management Health Check Using FD s Calypso Health Check we are able to determine the wellbeing of your system. Our Health Check uses the process illustrated below to evaluate and optimize the implementation to deliver the best possible performance, robustness and scalability. The goal of the Health Check delivers a set of collateral to help administer the process: tracking templates, user documentation, IT data collection tools and client knowledge base. Improve Efficiency and reduce costs of the Calypso application Increase the life of your existing softwar Improve the stability and user experience of your software Page 9 of 16
Case Studies Background: The client had selected Calypso as its front-to-back trading platform across all asset classes and commissioned FD to assist in its implementation and testing. As part of the implementation FD has sole responsibility for developing the reporting requirements for the creation and continuation data for derivatives to the DTCC. As it was the client s first implementation of Calypso it required training in how to use, support and test the application across front, middle and back office. Drivers: The client wanted a trusted partner to provide assistance in overall implementation and detailed design of their first implementation of Calypso, guidance on best practices associated with the technical and functional aspects of the product and assistance in integrating with downstream systems. The client required specific help in enhancing Calypso to support its DTCC reporting requirements. The client also wanted a parallel-run phase following go-live for which FD deployed its own product Delta Rec to reconcile data daily between Calypso and the legacy system. The client s internal team lacked testing expertise and capital market resources and looked to FD to provide assistance in planning, training, management and test execution throughout the project What we did: Developed & delivered training programmes covering front, middle and back office for the Calypso product, the capital markets in general and on application testing in particular Developed, Implemented and supported a solution to meet clients Dodd Frank regulatory requirements from it Near Shore centre in Newry QA team analysed all Business Requirements and built test-packs with detailed test steps in order that the clients inexperienced testers could execute same Following go-live Client used FD Delta Rec tool to reconcile data from their legacy system to calypso Benefits: Client received implementation of Calypso that was tailored to their specific needs; client had unique reporting requirements along with a complex workflow which was not simply an out of the box solution Elimination of their current inefficient process for Dodd Frank reporting, FD absorbed all training, resource and relocation overheads Client s testing team now has comprehensive, very user friendly test-packs in order to assist with their future regression testing in further phases During critical parts of the project FD were able to ramp up the Near Shore resources to ensure deadlines were met. Background: FD had been working on a cross asset Calypso project as part of the business analysis team. The client approached FD to outsource their complete QA testing for all products and processes using their proposed near-shore model for Quality Assurance services. FD proposed a full skilled Calypso near-shore team at FD HQ with onsite representation for iterative solutions. Drivers: The client faced a great challenge to deliver a major cross asset products, processes and functions in multiple phases over a 12 month period. The client required a highly experienced Calypso solution provider who understood their product suite and were fully trained on Calypso cross asset features. The client required test cases and test execution which could be achieved within their milestones on time and on budget. What we did: Analysed Cross Asset Business requirements and identified all test cases Developed test scripts and test data Executed all test cases Scaled resourcing based on highly aggressive milestones in order to meet delivery schedule Onsite QA guidance throughout to manage the deliverables and communications within their large organisation. Benefits: Client went live with multiple projects on time on budget QA service delivered fixed price FD absorbed all training, resource and relocation overheads Client received 1000 s of test cases for continuous execution and improvement A fixed price servicing model created to scale their delivery team based on the complexity and volume of testing requirements. Page 10 of 16
Case Studies Background: FD had engaged with a new client to deliver a full Calypso upgrade from version 9 to version 13. As part of the project FD proposed a hybrid onsite/near-shore model to provide Project Management, Technical Analysis, Business Analysis and Quality Assurance functions. Drivers: The client had set aggressive timelines to deliver the upgrade on its front-to-back cross-asset platform. With a significant volume of functional and technical changes between versions the client wanted to build or buy a robust, efficient and flexible upgrade and testing solution. The client had additional challenges in relation to budget, headcount and desk-space so required a partner to take ownership of the key deliverables and to provide a significant proportion of these services from a near-shore location. What we did: Provided a pre-engagement on-site POC of our automated tools capability to help shape the delivery scope Partnered with client to prepare a project plan defining which functions would best be delivered near-shore Provided flexible resourcing to scale up or down and rotation between on-site and near-shore locations as required Deployed and customised automated solutions from near-shore location Benefits: FD successfully built out all technical deliverables from near-shore location Provided resources on-site at short notice to ramp up onsite team Partnership agreement provided client comfort in mitigating some delivery risk Client expected to deliver project on-time at fixed price Automated tools provided significant resource and time savings Background: FD were engaged by the client to manage the ongoing support and development of their in-house Fixed Income Back Office platform to enable the existing team to focus on the roll-out of its replacement vendor system Calypso. FD proposed to take on the first augment the support and development teams onsite before moving some functions to the company s near-shore HQ. Drivers: The client had gone through a extensive vendor selection process and had committed to implementing Calypso as its new Fixed Income Back Office platform within a 2 year project cycle. They wanted to free up their experienced in-house business, technical and project resources to focus on the new implementation and migration. What we did: Benefits: Ramped up onsite resources to fast-track knowledge transfer phase Shadowed the incumbent support and development teams and documented process Following a successful parallel run phase client resource started to roll off the support and dev teams After 6month the all client resources had been and fully rolled off onto the new implementation project FD began to successfully transition to a hybrid onsite/nearshore model Managed in-house support and dev function to end migration and decommission Client was able to achieve their aggressive timeline to fully transition support and development functions to an outsource partner FD were able to reduce the need to train any in-house resources on a system for decommission Significant cost benefit were realised by the client for the duration of the support and dev contract through our near-shore offering Support and dev team were able to support the Implementation team during the final migration phase Experience of Support and dev team were retained by the client following the successful implementation of Calypso Page 11 of 16
Case Studies Background: FD has been investigating greatly in building solutions which can expedite the implementation and upgrade time for Calypso clients. Two of those tools can be greatly leveraged as part of upgrades (Delta Synch for parallel runs and Delta Rec for regression testing and reconciliations between environments). The client approached FD to outsource their QA testing for a cross asset multi processing organisation upgrade from V9 to V13 using FD s product solutions and resources Drivers: The client was undertaking a highly complex upgrade with multi location and multi time zone processing organisations with different workflows and processes for cross asset front to back Calypso functionalities. In order to meet set milestones and reduce operational and project risk they not only looked to First Derivatives for talented Calypso resource expertise but for leadership from a product solution perspective to assist in their upgrade process. The client required automation of their complete test cases using regression testing (Delta Rec) and in order to reduce their UAT cycle they wished to include a parallel run with production using First Derivatives Delta Synch solution which automates in real time the production activities in a parallel test environment. What we did: Analysed clients manual test cases to create automated regression test packs Created a parallel test environment which listened out to all trade and process activities in production in order to run and compare like for like reports and results in two separate versions of Calypso Executed all test cases Used Delta Rec for analysis of any breaks between one version of Calypso and the latest version Benefits: Client considerably reduced resourcing costs through use of automated technology solutions Client can extend First Derivatives solutions to other trading systems within their architecture Client received an automated regression test pack for future maintenance usage Client was able to considerably reduce the timelines to upgrade multi processing organisations in multi locations in one go Background: FD had built a strong relationship with client through a number of onsite projects. The client approached FD to help form strategy for their proposed off-shore model for support and development. FD proposed an interim hybrid on-shore/near-shore team at FD HQ as a POC for client s APAC Centre of Excellence Drivers: The client wanted a pilot near-shore project before embarking on long-term near/off-shore strategy that ensures no degradation in production service levels while maintaining pace of development during the transition. Early identification/resolution of transition issues. Maintain service levels while meeting headcount and cost challenges. Resources to be available onsite within 24hrs and near-shore BCP provided What we did: Ramped up onsite team to build short-term resource buffer Completed infrastructure set-up phase Staggered roll-off of project team to nearshore location to mitigate risk Completed full migration within six months Reverted to original team size Benefits: Pilot proved successful and FD were asked to provide resources/training for initial off-shore project Headcount and cost objectives were met six months ahead of deadline FD absorbed all training, resource and relocation overheads Page 12 of 16
Near Shore Services FD offers additional cost benefits to its clients by providing its services on a Near Shore as well as on-site basis. All our services, from vendor systems management and software development to infrastructure monitoring and legal and compliance, can be delivered from our high quality service centres where robust technical infrastructures guarantee the required high levels of security, access control and resilience. A compelling feature of the FD s Near Shore approach is its operation from strategically located service centres in Europe, North America and Asia that enables us to offer our Near Shore service on a worldwide basis. The physical proximity affords swift, ad-hoc, on-site deployment of resources where required for specific tasks or projects while the cultural alignment it facilitates ensures the communication process is as streamlined and efficient as possible a critical component of any partnership engagement. This approach therefore provides the client with all the cost benefits of adopting a near shore model while still retaining the advantages of close contact, common time-zone and mobility for face-to-face interaction of on-shore or onsite arrangements as required. Cost Low cost service model Reduced recruitment, training and management overhead Eliminate costs associated with office space, training, hiring, reviews, holiday cover, sick leave, career management Our regional locations ensure a low cost base, guarantee resources in the same time zone and eliminate communication issues. In addition, our staff can be on site within 5 hours when required Capability Highly skilled multi disciplined resources: Lawyers and legal professionals who understand the markets and technology and who can assist not only in the interpretation of data and documentation but also in its sourcing and reporting Avail of industry best practices, procedures and service efficiencies Proven Infrastructure Capacity On-demand capacity giving the ability to ramp-up and ramp-down resources as required Follow-the-Sun support model across worldwide near shore centres Dedicated recruitment and training programmes to ensure continuity Provision for Pandemic and other disruptive events Our resources have the elasticity to respond to changes in demand. We provide staff that are highly trained in multiple disciplines and have first-hand expertise on client sites across a variety of projects, systems and assets so that a wealth of knowledge and experience is brought to bear on each assignment. On the infrastructure side, comprehensive Disaster Recovery and Continuity of Business provisioning ensures resilience and robustness of service. VPNs over dedicated bandwidth provide highly secure and resilient access. Segregated areas with dedicated and monitored access points enforce physical security while intrusion detection and vulnerability tests provide protection against host and network attacks. Clustering and failover configurations along with Business Continuity Plans ensure resilience and high availability. To further help clients manage their costs FD offers an embassy model approach to service provision that enables them to select segregation levels appropriate to their level of risk: Gold level offers complete physical and logical separation including dedicated network, phone and power in a standalone facility, Silver offers logical separation within shared facilities while Bronze is appropriate for non-data sensitive related services where segregation is not a priority. Page 13 of 16
Other Services First Derivatives works with many of the world s leading investment banks and hedge funds, helping them achieve success in an ever changing business environment. We capitalise on our experience as a provider of technological services and also as a dedicated product supplier. First Derivatives can find the right solution for you and has the expertise to get the job done. First Derivatives has a number of specialist practices headed by subject matter experts each with between 10-25 years of experience in the capital markets industry. First Derivatives provides expertise across a number of areas: Financial Services Practice: First Derivatives offers in-depth knowledge of capital markets combined with extensive technical expertise. We work with clients to gain an understanding of their individual and unique needs and offer a variety of services at competitive fees. We believe in investing in our people and endeavour to employ the brightest graduates along with proven winners from across the capital markets sector. Our Capital Markets Training Programme provides continued professional development for our consultants. Third Party Vendor Products: We have over 15 years experience of supplying implementation and support services to the world s leading financial institutions on the choice and usage of vendor applications. We are not only experts in our field, but we have an expert methodology in place to ensure that our clients get the best advice. Our Vendor Services team is dedicated to giving you the best possible service in line with your expectations and requirements. Regulatory and Compliance: First Derivatives has a unique capability and proven track record in providing consultants who can add value from day one. Each possesses deep capital markets knowledge as well as legal and technical expertise. As a result, First Derivatives is ideally placed to assist organisations in interpreting regulations and implementing the necessary changes. Our typical consultant will have a legal qualification (many are qualified lawyers), experience in searching and extracting data from multiple systems as well as the ability to categorise and interpret vast amounts of documentation. Software & Services: Delta suite is a powerful Big Data platform, offering capabilities in reference data management, market data management, CEP, algorithmic and high-frequency trading, FX trading, treasury risk management and exchange management and surveillance. First Derivatives has been instrumental in selling Kx technology to the vast majority of the world s leading financial institutions and has built a solid services business on our market leading expertise in the technology. We provide a full range of Kx services including: training, support and consulting. First Derivatives services offering can help you to achieve a number of business goals including faster speed-to-market, accelerated by industry and technical experience while avoiding the cost and time required for internal training and skill development. FD s services provide skilled personnel to work under your direction to help you develop, maintain, manage and support your applications. Our skilled professionals can help you manage fluctuating skill needs, skills gaps and changing staffing needs to meet your aggressive project timelines. Page 14 of 16
First Derivatives Corporate First Derivatives plc ( FD ) is a leading provider of software solutions and consulting services to the capital markets industry. Founded in 1996, FD occupies a niche market position in terms of deep domain knowledge and technical expertise. Headquartered in Ireland, FD has a global presence with offices across EMEA, the Americas and Asia Pacific. Publically held company on London Stock Exchange (LSE FDP.L) Headquartered in Newry, Co. Down, N Ireland 1000+ employees worldwide Consulting Services Multi Vendor Services Calypso, Murex, Wall Street, Summit, Opics Legal, Regulatory and Compliance Data Management Software Development Big Data and Data Science Big Data Solutions Delta Flow/Delta Flow+ Foreign Exchange Trading Delta Algo Low latency trading strategies and execution Delta Surveillance For Regulators, Exchange and Brokers Delta Data Factory Market and Reference Data Management Delta Stream High Volume data capture, analysis and distribution... powered by kdb+ and other Big Data technologies Page 15 of 16
Delta Suite Delta is a powerful Big Data platform, offering capabilities in reference data management, market data management, CEP, algorithmic and high-frequency trading, FX trading, treasury risk management and exchange management surveillance. Deployed in some of the world s largest banks, exchanges and hedge funds, Delta applications are designed for Volume and Velocity low-latency, high-throughput applications delivered as a hosted service or deployed locally. FD provides a range of brochures on its products and services. For more information please contact us via our website or the numbers below Contact Us New York +1 (212) 447-6700 Europe +44 (28) 302 52242 Asia-Pacific +61 2 9477 0200 info@firstderivatives.com www.firstderivatives.com This information is subject to change without notice and is offered for information purposes only. Page 16 of 16