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Delta Software Contract Wins

24 May 2010 07:02

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. +44(0)28 3025 2242

Brian Conlon, Managing Director

Graham Ferguson, Finance Director

Charles Stanley Securities

Tel. +44 (0)20 7149 6000

Nominated Advisor

Russell Cook

Carl Holmes

Goodbody Stockbrokers

Tel. +353 1 667 0420

IEX Advisor

Diane Hodgson

Linda Hickey

Finbarr Griffin

ICIS Limited

Tel. +44 (0)20 7651 8688

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

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
17th Aug 20074:59 pmRNSDisclosure of Information
3rd Aug 200712:01 pmRNSExercise of options
27th Jul 20073:11 pmRNSTotal Voting Rights
6th Jul 200712:41 pmRNSExercise of Options
8th Jun 20077:00 amRNSIEX Notice
7th Jun 20072:08 pmRNSResult of AGM
6th Jun 20075:27 pmRNSIEX Schedule One Update
21st May 200710:32 amRNSDirector/PDMR Shareholding
18th May 200710:21 amRNSFinal Results - REPLACEMENT
10th May 200710:48 amRNSIEX Schedule One
10th May 20077:01 amRNSFinal Results
3rd Apr 20079:29 amRNSTotal Voting Rights
6th Mar 20071:25 pmRNSExercise of Options
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27th Feb 20072:07 pmRNSIssue of Equity
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12th Jan 20075:24 pmRNSDirector/PDMR Shareholding
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20th Dec 20064:29 pmRNSTotal Voting Rights
20th Dec 20064:20 pmRNSIssue of Equity
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5th Oct 20068:52 amRNSExercise of Options
26th Sep 20067:01 amRNSInterim Results
1st Jun 200612:05 pmRNSResult of AGM
22nd May 20063:09 pmRNSDirector/PDMR Shareholding
9th May 20065:53 pmRNSDividend Update Statement
9th May 20067:01 amRNSFinal Results
24th Apr 20062:50 pmRNSNotice of Results
17th Mar 20067:02 amRNSTrading Statement
10th Mar 20062:49 pmRNSExercise of Options
10th Mar 20062:38 pmRNSDirector/PDMR Shareholding
24th Nov 20057:01 amRNSDirectorate Change
7th Oct 20053:24 pmRNSDirector/PDMR Shareholding
22nd Sep 20057:00 amRNSInterim Results
28th Jun 20055:26 pmRNSResult of AGM
27th May 20052:37 pmRNSDividend Declaration
25th May 20057:01 amRNSFinal Results
3rd May 20057:00 amRNSTrading update
9th Feb 20052:32 pmRNSNew Contract Signed

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