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Institutional FX

FD Technologies to Sell First Derivative Business for £230 Million

The deal, expected to close in Q4 2024, aims to streamline operations and return cash to shareholders.
FD wants to focus on its KX analytics division.

Monday, 07/10/2024 | 06:18 GMT by Damian Chmiel

Institutional FX

FD Technologies’ FY24 Revenue Stays Flat despite KX's Push

KX generated revenue growth of 12 percent, but First Derivatives declined by 8 percent.
The company turned a pre-tax loss of £7.7 million.

Tuesday, 21/05/2024 | 07:18 GMT by Arnab Shome

Institutional FX

FD Technologies Faces Headwinds in KX Division, Lowers Growth Outlook

The software providers forecasts in-line EBITDA but lower revenue due to challenges.
KX division's slower ARR growth contributes to the cautious outlook.

Friday, 01/03/2024 | 07:49 GMT by Damian Chmiel

Institutional FX

FD Technologies' KX Unit Outshines as Company Reports Loss

FD Technologies showed a lack of profitability in the reported period.
Overall revenues shrank 3% to £142.5 million.

Tuesday, 24/10/2023 | 07:01 GMT by Damian Chmiel

Institutional FX

FD Technologies Ends FY23 with 12% Revenue Jump

KX and First Derivative revenues beat market expectations.
The group ended up with a pre-tax loss of £1.2 million.

Tuesday, 23/05/2023 | 07:49 GMT by Arnab Shome

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