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First Derivatives plc Tel: 028 30 252242

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Presentation on theme: "First Derivatives plc Tel: 028 30 252242"— Presentation transcript:

1 First Derivatives plc Tel:

2 Company Overview n Founded 1996 – Headquartered in Newry, N Ireland n Recognised service provider in financial markets n Specialising in – Outsourced Systems Development & Support – Real-time Trading Applications (Retaining IPR) – Kx Technology Specialists (Largest pool of consultants worldwide) n Consistently profitable since inception n 65 staff (growing at rate of 1 per month) n Floated on AIM April 2002 – 100% share price appreciation since flotation

3 Location FD is located in the city of Newry in Northern Ireland. Newry is less than one hours drive from the major Irish cities of Belfast and Dublin. First Derivatives plc

4 Staff n 65 staff (growing at rate of 1 per month) – Quantitative Analysts, Financial Engineers and Systems Engineers n Excellent Academic Backgrounds n Mathematics, Finance, Computer Science Graduates n Best of Breed Experts hired to complement local talent – Derivatives, Banking, Insurance, Pension Fund and I.T. experience – ex Morgan Stanley, Sungard, KPMG, Lloyds Abbey Life, Susquehanna n Extensive In-house training programmes n Very well paid n Share Options ensure participation in company success n Elite & committed workforce

5 Target Market n Financial Organisations – Banks – Investment Banks – Corporate Treasurers – Hedge Funds n Software Sectors – Financial – Database Technology – E-Business

6 Products and Services n Outsourced Systems Development and Support – Consulting teams in major technology with capital markets knowledge – 100s of individual users in over 20 financial institutions worldwide – Either on-site or remote – Work for both Banks & Software Companies – Feb 2005 signed major near shore IT support contract with Electronic Data Systems (EDS) n Product Development retaining IPR – Equity, Fixed Income & FX trading tools – Direct Exchange Connectivity – Real-time Trading Applications n Kx Technology Specialists (Ultra-fast Database Technology) – Worldwide sales and services partner of Kx Systems – Software Sales to 8 out of 10 top tier investment banks and many hedge funds – Over 50 customers worldwide growing at rate of 10 per year – Consultancy sales to 50% of Kx Customers – Support Contract sales to 20% of Kx customers

7 Customers/Partners/Case Study n Main Customers – JP Morgan, London – Citigroup, London & New York – Lehman Bros, London & New York – Merrill Lynch, London & New York – Deutsche Bank, London – Fidelity, Boston – ABN Amro, London – RBOS, London – CIBC, New York – Swedbank, Stockholm – Svenska Handelsbanken, Stockholm n Partners – British Telecom, London – IT&E, Sydney – Kx Systems, Palo Alto – TickData, Washington – Calypso, California – Quadrus Financial Technologies, Vancouver n Case Studies – FD sold A leading UK Investment Bank an Kx equity enterprise license in Jan The FD on-site team has now grown to 5 (spread between London & NYC) and is responsible for developing and maintaining the equity program trading environment including an advanced analytics library written in q. – FD worked on the Opus product installation for Swedbank in 1996 and have had a minimum of 1 consultant onsite ever since. The current 3 man team based in Stockholm provides ongoing systems support to the traders and resources for ad hoc developments. – A large UK bank hired 2 FD resources for one-off project in Project success has helped spread FD reputation throughout the bank and we currently have 15 consultants on and off-site working on 6 separate projects. In the past 18 months FD has taken full responsibility for the near shore support of the Calypso product and formed a separate team to near-shore the support a range of legacy systems.

8 Current Projects - sample n US Software House – Project Management of an Interest Rate Derivative Blotter developed as an extension to an existing trading system n Swedish Bank – FD provide user and technical support for Opus, Kondor+, Algorithmics and carry out any in- house developments requiring customisation and/or integration with the Opus trading system n Investment Bank – Multiple Trading System Integration, EAI project that required the integration of various trading systems for the purpose of collating all accounting data in each system into one back office accounting area n Large UK Bank – Development & Support of Trading System Integration, Responsible for fixed income operational systems – from deal entry, through confirmation, settlement and posting to a general ledger system. The FD team also manage the generation of regulatory reports, contingency systems and various market risk feeds. n US Bank – Operational Risk Control, integration of deal entry, accounting and trade confirmation systems in order to control operational risk within the back office departments.

9 Corporate Direction n Maturity to medium sized company of employees n Increase earnings potential n Increase market share n Establish senior consultants as market leaders in their field n Develop software products n Become market leader in real-time trading applications n Expand Kx database technology to non-financial markets worldwide

10 A Future with First Derivatives n Visible career path n Extensive training programs n Working with leading edge technology n Working with the latest techniques and concepts in finance n Learn how to compile and present information for external use n Learn aspects of marketing, HR, planning, budgeting n Work with top management in large banks n Assume responsibility more quickly than in other companies n Best remuneration package in Ireland - north or south n Participate in company success via share options

11 FD Training n Financial Theory – Pricing and Risk Management of all Financial Instruments n Software Engineering – Exposure to several major technologies n Internet Technologies n Kx Technology n Development Tools n Project Management n Sales Awareness n Marketing Awareness n Language Training

12 Benefits and Prospects n Increasing Salary n Project Related Bonuses n Employee Profit Share Pool n Equity Options n Contributory Pension Scheme n Private Health Cover

13 Employee Remuneration Profile

14 Employee Responsibilities n Professional approach at all times n Promotion of the company and its ideals n Proper feedback and reporting n Self-Training to complement in-house courses n Provide assistance and mentoring to less experienced personnel n Feedback of sales opportunities n Periods of intense work

15 Potential Candidates n Do you have a very strong Mathematics background? Grade A in A Level Maths or equivalent. n Do you have an excellent academic background – minimum AAB at A Level or equivalent. n Are you prepared to travel extensively at short notice as part of your job?. As such, a valid EU passport/work permit is required to enable travelling at short notice without Visa restrictions. n Are you prepared to work long term in New York, London or other European destinations? n Are you prepared to work in Newry from Monday to Friday, while not involved in a project onsite? n Are you prepared to learn new technologies and languages necessary to succeed as a First Derivatives financial engineer or financial technology consultant? n Are you prepared to spend time learning the principles of derivatives pricing and risk management?


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