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First Derivatives

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Institutional FX

FD Technologies Posts Wider Loss, Debt Surges 84% Before First Derivatives Sale

  • The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m.
  • FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.
Tuesday, 26/11/2024 | 07:39 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 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
Retail FX

News Nuggets | 18 May: Stone Edge Capital Lost CySEC License; FCA Deputy Chair

  • Also, KX's partnership with Amazon Web Services and Delta Capita's new APAC Head.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 18/05/2023 | 09:55 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 4 April: Vida Markets' New Hire; Funding of TerraPay, Bidget

  • Also, Clearbank, FD Technologies, GCEX and CMC Invest.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 04/04/2023 | 11:20 GMT by Finance Magnates Staff
FinTech

First Derivative Announces New Office in Poland

  • The company recently launched an office in Toronto, Canada.
  • First Derivative opened the new office amid 'significant demand'.
Monday, 20/06/2022 | 19:46 GMT by Felipe Erazo
Institutional FX

FD Technologies Expects FY22 Revenue between £255M and £260M

  • The company already generated £128 million as revenue in H1.
  • The expectation is in line with previous guidance.
Wednesday, 06/04/2022 | 07:04 GMT by Arnab Shome
Institutional FX

FD Technologies H1 Revenue Jumps 7%, Turns Loss

  • The company is bullish on the future prospects of its KX platform.
Tuesday, 02/11/2021 | 10:14 GMT by Arnab Shome
Executive Moves

Steve Fisher, Non-Exec Director and Board Member, Departs FD Technologies

  • Fisher leaves FD Technologies and has rejoined Salesforce in a full-time senior executive post effective from July 2021.
Friday, 30/07/2021 | 09:14 GMT by Tom Hazan
Institutional FX

First Derivatives Requests a Change of Name to FD Technologies PLC

  • The company will have an Annual General Meeting on July 8 at the First Derivative's headquarters in Newry, Northern Ireland.
Tuesday, 08/06/2021 | 20:14 GMT by Felipe Erazo
Institutional FX

First Derivatives’ FY2021 Profits Drop by 39%, Outlook Remains Strong

  • The company is satisfied with the results and is targeting to double its revenue by 2025.
Tuesday, 18/05/2021 | 13:42 GMT by Arnab Shome
Executive Moves

oneZero Onboards Stuart Brock as Head of UK and Europe Institutional Sales

  • Brock brings extensive institutional experience and industry knowledge in forex.
Tuesday, 12/01/2021 | 09:45 GMT by Tom Hazan
Executive Moves

Graham Ferguson to Step Down as CFO of First Derivatives

  • “Graham has been a pivotal part of FD’s leadership team for more than a decade and has contributed enormously."
Wednesday, 09/12/2020 | 10:46 GMT by Tom Hazan
News

First Derivatives H1 Revenue Gains Marginally, Profit Drops

  • The company reduced its debts by 49 percent.
Tuesday, 27/10/2020 | 13:01 GMT by Arnab Shome
Executive Moves

Former eBay CTO Steve Fisher Joins First Derivatives’ Board

  • He will focus on the expansion of the firm’s analytics software business Kx.
Wednesday, 16/09/2020 | 07:58 GMT by Arnab Shome
Executive Moves

First Derivatives Appoints Alan Coad as Kx Chief Revenue Officer

  • Reporting to Seamus Keating, he will have global responsibility for Kx sales.
Monday, 20/07/2020 | 07:55 GMT by Finance Magnates Staff
Executive Moves

Cloudflare CFO Thomas Seifert Joins First Derivatives’ Board

  • His appointment came into effect from Monday.
Tuesday, 14/07/2020 | 06:54 GMT by Arnab Shome
Technology

First Derivatives Records Slight Revenue Increase Amid COVID-19

  • For the four months ended June 30, 2020, FD recorded yearly revenue growth of 2 per cent.
Wednesday, 08/07/2020 | 07:44 GMT by Celeste Skinner
Executive Moves

First Derivatives Appoints David Collins as a Managing Director

  • Collins is Managing Director, managed services and consulting.
Monday, 06/07/2020 | 10:37 GMT by Celeste Skinner
Executive Moves

First Derivatives Appoints Ayman Sayed as Non-Exec Director

  • Sayed’s appointment became effective on the 1st of July 2020.
Thursday, 02/07/2020 | 07:15 GMT by Celeste Skinner
Executive Moves

First Derivatives Names David Humphries as Chief Operating Officer

  • Humphries will report directly to Seamus Keating, the company’s CEO.
Tuesday, 02/06/2020 | 08:43 GMT by Celeste Skinner
Technology

First Derivatives Posts Uptick in Revenue and Profit in FY2020

  • Revenue increased by 9 per cent year-on-year, as did profit before tax.
Tuesday, 19/05/2020 | 08:19 GMT by Celeste Skinner
Executive Moves

First Derivatives Secures Kathy Schneider as CMO

  • Scheider will report directly to the CEO of the company, Seamus Keating.
Thursday, 12/03/2020 | 09:03 GMT by Celeste Skinner
Technology

Kx to Provide eFX Platform to Sumitomo Mitsui Banking Corporation

  • The technology provider will build and manage the next-generation eFX platform.
Thursday, 30/01/2020 | 08:20 GMT by Celeste Skinner
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