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First Derivatives client win

07 October 2010

First Derivatives (AIM: FDP.L, IEX: GYQ.I), the provider of software and support services to the investment banking market and derivatives technology industry, has appointed Walbrook PR Ltd as its financial PR and IR advisor.

Walbrook's brief is to advise First Derivatives on its communications with the media, investment community and other third party stakeholders.

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

In May of 2010 First Derivatives announced full year results, reporting revenue growth of 45% to £25.5m and pre-tax profit growth of 27% to £5.7m, marking fourteen consecutive years of growth in profits.

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.

Walbrook will work with First Derivatives to ensure that the investment community is fully aware of the Company's progress, particularly in regard to the development of its in-house product suite, Delta, providing end-to-end algorithmic trading solutions; and in respect of its potentially transformational foreign exchange product, RealStream, which the Company procured in February 2010 as part of the acquisition of Cognotec.

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