Licence Agreement with Algorithmics

13 July 2010

First Derivatives (AIM:FDP.L, ESM:GYQ.I), a leading provider of software and consulting services to the Capital Markets Industry has today announced that it has signed a licence agreement with Algorithmics Inc. ("Algorithmics"), for the use of First Derivatives' Delta Reference Data Factory. Under the terms of the agreement, Algorithmics will licence Delta Reference Data Factory ("Delta RDF") as the reference data engine with Algorithmic's risk management systems.

Delta is First Derivatives’ powerful and growing suite of capital markets software. Delta RDF is an open platform for managing reference data with off-the-shelf and configurable feed handlers, data model / transformation engine and distribution / enrichment suite.

Brian Conlon, CEO of First Derivatives plc, commented: “We are delighted to announce this deal for Delta Reference Data Factory. Algorithmics is a leading player in risk management and their requirements for reference data management are comprehensive and forward looking. Algorithmics’ selection of Delta RDF is a strong endorsement, and demonstrates the value of our proven capabilities and open architecture. The deal represents a strong win for First Derivatives and is a validation of the RDF platform, acquired by First Derivatives in 2009.”

Algorithmics’ President and COO, Michael Zerbs, added: “We conducted a thorough proof of concept with Delta Reference Data Factory. It exceeded our expectations and we are very pleased to have found a solution and a firm that meets our requirements so well. We are looking forward to working with First Derivatives.”

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