RTS Realtime Systems Group (RTS), a leading global trading solutions provider headquartered in Frankfurt, Germany, Wednesday announced that it has closed on its transaction to acquire First Futures Software Engineering Pvt. Ltd. (FFS).
FFS is a high-end technology solutions provider based in Pune, India. The transaction marks RTS’ first acquisition of another company since its founding in 1992. The firm also announced it would open a data center in Mumbai with India-based global telecommunications provider Tata Communications.
RTS disclosed its intention to acquire FFS in May, following an announcement in April of plans to open an office in Mumbai – the firm’s first office in India – to service a growing client base in the country.
Commenting on the acquisition, RTS CEO Steffen Gemuenden said the acquisition of FFS enables the company 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.
The transaction provides RTS with a complementary, state-of-the-art global product suite, while substantially increasing the distribution potential of FFS solutions and services globally, he added.
The new office in Mumbai provides Sales and Customer Support. The office in Pune will be the local Development headquarters for RTS. Satish Kumar, who served as Head of Operations at FFS, and Naveen Kumar, who served as FFS Director of Software Development, have been named Directors for RTS in India.
RTS is in the process of building out a data center in Mumbai, designed to offer hosting services and ultra-low latency connectivity for firms trading on multiple Indian exchanges. RTS is a leading technology provider for high-performance, low latency trading and connectivity solutions across all asset classes.
The team in India will offer local support for the fast-growing RTS and current FFS clients. RTS offers Indian trading and brokerage firms the ability to connect to India’s major exchanges, including the Multi Commodity Exchange of India Ltd. (MCX), the National Commodity & Derivatives Exchange Limited (NCDEX) and the National Stock Exchange of India Limited (NSE).
The firm’s algorithmic trading solutions, RTD Tango and RTD Tango Trader, help market participants trade in multiple asset classes as well as capture trading opportunities and manage their risk.
RTS is one of the world’s leading providers of ultra-low latency, high frequency, robust algorithmic trading solutions. RTS has offices in Amsterdam, Chicago, Frankfurt, Hong Kong, London, Mumbai, New York, Pune, Singapore and Sydney.
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