First Derivatives wins top award at Asia showcase
Financial technology and consulting company First Derivatives has announced that its Delta Surveillance product has won Market Surveillance System of the Year at the Futures and Options World (FOW) Asia awards.
The Newry-based firm’s product supervises transactions across a range of markets and is able to produce some reports in less than a minute.
The product has been implemented by the Australian Securities and Investment Commission.
“In an age where we are under more and more regulatory scrutiny, Delta Surveillance has allowed regulators and institutions to maintain a steady balance of knowledge on trading behaviour,” the award judges said.
“We are engaging in an ever increasing number of conversations about surveillance as it becomes part of the day-to-day requirement of doing business in finance in Asia,” First Derivatives Managing Director for Asia Martin Haines said.