The system is being customised and implemented by First Derivatives, together with its Singapore sales partner, BrokerEdge Systems Advisors Pte Ltd.
The contract represents another important milestone in First Derivativesâ ambitions to expand its operations into the Asian market.
Brian Conlon, CEO of First Derivatives commented: âI am very pleased that our effort in targeting the exchange market has resulted in this significant contract with SGX. Not only does it give additional credibility to the Delta platform but also strengthens our position in the Asian market as an enterprise software provider.â
Paul Phillips Head of APAC Operations of First Derivatives further commented: âthe contract with SGX provides the necessary impetus for First Derivatives to further expand its operations in Asia, building on our existing operations in Australia, China, Singapore and India. The opportunity to cross-sell other First Derivatives software solutions, as well as support and consulting services to Singaporean clients is significant. We have a proven business model which works and will apply this to the Singapore market, as we continue to grow our Asian footprint.â