Religare Technologies has entered in to a strategic alliance with First Derivatives, a global capital market software provider to distribute the latter’s “Delta Algo” trading products to the Indian market.
Sanjay Padode, CEO, Religare Technova Ltd., stated, “The appointment by First Derivatives served only to endorse further the success of our strategy of developing deep domain expertise delivered through alliances forged with niche global players, such as First Derivatives, that have world-leading expertise in the capital markets.”
Delta Algo is one of the flagship products in First Derivatives' Delta suite, the Company's high-performance modular suite real-time trading, CEP, market data, accounting and risk management applications, launched in 2008. Delta Algo provides the necessary performance and flexibility required to engineer, back-test and deploy a wide range of trading strategies and to manage associated risk in real-time.
