RTS Realtime Systems, a high-frequency and algorithmic trading solutions vendor, has entered into exclusive negotiations to acquire trading technology firm First Futures Software (FFS) to extend its capabilities in India.
RTS' acquisition of Pune-based FFS would be the firm's first purchase. The deal follows the announcement in April of RTS' intention to open an office in Mumbai to grow its Indian sales and support team.
RTS claims the purchase of FFS will give it a complementary global product suite, while increasing the distribution potential of FFS products and services globally. RTS currently offers trading and access solutions to India's major exchanges including the National Stock Exchange, Bombay Stock Exchange, the Multi Commodity Exchange of India and the recently launched United Stock Exchange of India.
“We are delighted to bring the talented team at FFS into RTS and to enable our respective clients all over the world to benefit from the powerful combination of robust technology, connectivity and broad trading solution capabilities,” said RTS CEO Steffen Gemuenden.
“The acquisition by RTS gives us the ability to expand our products on a global scale and leverage the technology each firm has developed,” added Yann Sénécheau, co-founder and managing director, FFS. “Our development and support center team in India can offer tremendous resources to the growing RTS elite client base in the country and globally.”