First Derivatives, a provider of software and consulting services to global investment banks, brokers, hedge funds and exchanges, has opened a Singapore office.
The new Asian office consolidates First Derivatives’ offering of products and services in liquidity and data management for Asia, according to country head Martin Haines.
“We help our clients fulfil regulatory obligations for on-exchange and OTC trading, as well as addressing the ‘big data’ challenges facing capital markets participants,” he says. “Our new team here in Singapore complements the existing office in Sydney and rounds out our capabilities in Asia as demand from new and existing clients continues to grow.”
First Derivatives has a number of broker and regulatory clients in Singapore and across the region, and the new office will benefit these clients from a support perspective as well as driving new business development for Asia ex-Australia.
Haines joined FD this year from Reuters where he held both Asian and global head of sales roles.
“Initially I’ll be looking to build on the relationships we already have in the region, while building out the local team,” he says. “FD continues to post solid growth, particularly here in Asia, and there is a lot of opportunity for us which I’m very much looking forward to capitalising on.”