Delta Software Contract Wins

RNS Number : 3890M

First Derivatives PLC

24 May 2010

 

24 May 2010

First Derivatives plc

("First Derivatives" or "the Company")

Delta Software Contract Wins

Secures over $1m per annum license revenue from 3 Delta Sales

First Derivatives (AIM:FDP.L, IEX:GYQ.I), a leading provider of software and support services to the financial services industry, is pleased to announce that the Company has signed contracts worth over $1m per annum for its Delta Algo and Delta Stream products across three leading financial institutions in the UK and North America. The three organisations include a leading UK bank, a global investment bank and a major North American hedge fund. The deals have additionally generated approximately $1m in consulting revenue.

Brian Conlon, Chief Executive Officer of First Derivatives, plc commented, "We are delighted to announce further contract wins for the Delta suite of products. These deals emphasise the quality of the Delta software and represent a significant return on the R&D investment we have made to date. The Delta products provide a significant opportunity to cross-sell other First Derivatives software solutions, as well as providing additional support and consulting services. These are the first in a number of significant deals anticipated to be signed in the next few months."

Enquiries:

First Derivatives plc	Tel.       [phone]
Brian Conlon, Managing Director
Graham Ferguson, Finance Director
Charles Stanley Securities	Tel.       [phone]
Nominated Advisor
Russell Cook
Carl Holmes
Goodbody Stockbrokers	Tel.       [phone]
IEX Advisor
Diane Hodgson
Linda Hickey
Finbarr Griffin
ICIS Limited	Tel.       [phone]
Financial PR
Tom Moriarty
Caroline Evans-Jones
Fiona Conroy
Stakeholder Communications PR - Ireland Carl Whyte John Hart	Tel.        + 44 (0) 2890 339949

About First Derivatives

First Derivatives is a global provider of products and services to the financial services industry. With almost 15 years experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets.

First Derivatives currently employs over 450 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.

Delta is a comprehensive suite of high performance real-time trading, risk management and enterprise market data products. Flagship trading products include Delta Algo and Delta Stream which are used in high volume, low latency environments while Delta Replayand Backtest are the products of choice in the hunt for profitable strategies and post trade

analysis.

For further information please visit www.firstderivatives.com

 

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