First Derivatives to deliver ‘next generation’ financial applications powered by Pivotal
First Derivatives (FD) is to use the Pivotal One platform to deliver “next-generation” financial applications to the capital markets industry.
FD plans to offer consulting services for the design and implementation of financial solutions in areas such as surveillance, risk management and trading.
Pivotal One is an integrated platform that includes a set of application and data services that run on top of Pivotal CF, the enterprise distribution of Cloud Foundry.
The increasing importance and complexity of data in the financial services industry requires robust and adaptable technology to support its evolving fabric. From structured to unstructured, time series to transactional and reference data to metadata the financial services industry requires instant, flexible access to all data types. Pivotal One provides that common access and First Derivatives provides consulting services on how to use it in the development of next-generation financial applications.
These services will accelerate clients in their adoption of technologies such as Pivotal HD for Hadoop implementations, Pivotal Data Dispatch to retrieve and analyse data, Pivotal RabbitMQ for message delivery and Pivotal MySQL for rapid application development and testing.
As an integral part of these services FD consultants provide their technical expertise and domain knowledge in the capital markets to deliver faster time to market for financial applications and for the specific requirements they have in areas of tick capture, data mapping and transaction processing.
“Every industry realises that data rules the world and software is eating the world. There is no substitute for insight and understanding and no industry knows this better than the financial service sector. Our collaboration with First Derivatives will help financial service firms take advantage of Pivotal technologies to allow them to store data at scale, analyse anything and build the right application for their needs. And do this in ways that are much more agile and value driven than the past,” says Russell Acton, vice president of Europe, Middle East, Africa, Pivotal.
Gerry Buggy, executive at FD, says: “The collaboration with Pivotal enables us to overlay our domain expertise on top of this future state financial services architecture. Services for risk, trading and regulation require unobstructed access to intelligent data. Customers are seeking best practice installation, alongside services such as semantic data tagging of items, spanning real-time to off-line, structured to unstructured, all essential to support the future business processes and queries.”
- By Category
- News from other sites
- Special Reports
- Partner events