Software firm in US partnership

Newry: Software consulting services First Derivatives FDP, which specialises in services to global investment banks and hedge funds, has announced a joint venture with Trading Cross Connects US (TXC).

The venture will involve a “best of breed” software and infrastructure solution for high frequency trading communities.

The partnership satisfies a growing need for software, infrastructure and consulting services to high frequency trading firms in the FX, fixed income and futures market places, the company said.