FD Technologies Regulatory News (FDP)

8 Feb 2007 07:00

First Derivatives PLC08 February 2007 8th February 2007 First Derivatives plc First Derivatives plc trading update for the year to 28 February 2007 First Derivatives plc ('the Company'), a provider of software and consultingservices to the world's financial markets, is pleased to provide the followingpositive trading update. The strong trading momentum that has characterised the beginning of the year hascontinued into the second half of the year. The Company expects normalisedprofit before tax to be materially ahead of market expectations. The enhanced profitability has been a function of securing new customers and anincreased take-up of KX Technology. The Company will release a more detailed update on it's financial performance indue course and its financial results for the year to 28 February 2007 in earlyMay 2007. For further information please contact: First Derivatives Brian Conlon Managing Director T: 028 3025 2242 Corporate Synergy Luke Ahern / Romil Patel T: 020 7448 4400 Parkgreen Communications Justine Howarth / Victoria Thomas T: 020 7851 7480 www.firstderivatives.com Notes to Editors: Established in 1996, FDP is a premium consulting service business and a softwareprovider to the capital markets technology sector. It primarily sells to amajority of top tier banks in London and New York and numbers 30+ majorinvestment banks and hedge funds as customers. Based in Newry, Northern Ireland, the business has approximately 90 consultantsoperating mainly in London and New York. The team has extensive industryexperience in derivatives, securities accounting, algorithmic trading andfinancial/mathematical modelling. This is complemented by a range of highlysought technology skills. This information is provided by RNS The company news service from the London Stock Exchange