Low-latency trading and connectivity solutions vendor RTS Realtime Systems Group has announced the completion of its purchase of trading technology firm First Futures Software Engineering (FFS), which it will use to expand its services in India.
RTS announced its intention to acquire FFS in May, one month after revealing plans to open its first Indian office in Mumbai.
“Our acquisition of FFS enables us to have a strong presence on the ground in India with a highly skilled, experienced development, sales and support team composed of over two dozen professionals,” said RTS CEO Steffen Gemuenden.
Gemuenden added that the transaction would substantially increase the distribution potential of FFS solutions and services globally. The new office in Mumbai will provide sales and customer support, while FFS's headquarters in Pune will now be RTS's local development office. Satish Kumar, head of operations at FFS, and Naveen Kumar, director of software development at FFS, have been appointed as RTS directors in India.
RTS has also announced plans to open a data centre in Mumbai with India-based global telecommunications provider Tata Communications. The data centre will offer hosting services and low-latency connectivity for firms trading on multiple Indian exchanges.
RTS already offers connectivity to Indian exchanges including the Multi Commodity Exchange of India, the National Commodity and Derivatives Exchange and the National Stock Exchange. The firm's algorithmic trading solutions, RTD Tango and RTD Tango Trader, are designed to help market participants trade in multiple asset classes while managing their risk.