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First Derivatives PLC

17 March 2014

First Derivatives plc

("First Derivatives" or "the Company")

First Derivatives and Chapdelaine FX Partner to Bring New Next-Generation Liquidity Hub Service to the Marketplace

First Derivatives (AIM: FDP.L, ESM: FDP.I), a global leader in providing enterprise-wide trading and risk management solutions, as well as consulting services, to international financial services firms, and Chapdelaine FX a leading agent in the Foreign Exchange space for global institutional customers and a division of Tullett Prebon, today announced Chapdelaine FX's deployment of a new liquidity hub supported by First Derivatives' Delta Flow technology.

The solution will enable Chapdelaine FX to provide its clients with broad market distribution capabilities which include client access via application programming interfaces (APIs), a wide variety of proprietary and third party GUIs, ECNs and Exchanges.

John Beckert, MD e-Trading & Risk Management Solutions, First Derivatives commented: "We are excited to be partnered with Chapdelaine FX to introduce a liquidity service based on direct market access and underpinned by effective liquidity management. This solution enhances the trading experience for both liquidity providers and clients. As well as servicing Chapdelaine FX's franchise the liquidity solution provides instant compatibility with financial services firms using the Delta Flow platform for the purposes of establishing maker/taker liquidity relationships. It presents a unique 'win, win, win' for FD, Chapdelaine FX and their individual clients."

Douglas Borthwick, Managing Director, Desk Manager & Broker on the Chapdelaine FX desk, commented: "We are very pleased to partner with First Derivatives in providing the first liquidity hub developed by an interdealer broker. Through this strategic alignment with First Derivatives, we are bringing together two large, industry leaders to offer a solution that provides each of our firms with opportunities to expand our business, while creating a more efficient and directly accessible marketplace for our clients."

In teaming up to provide this new service, Chapdelaine FX further enhances its agency desk model by providing clients globally with aggregated rates from top liquidity sources via its liquidity hub. First Derivatives' clients benefit similarly from access to a network of Chapdelaine FX's client base.

Enquiries:

 
 First Derivatives plc                                +44(0)28 3025 2242 
 Brian Conlon, Chief Executive                  www.firstderivatives.com 
 Graham Ferguson, Chief Financial 
  Officer 
 
 Charles Stanley Securities 
  (Nominated Adviser)                                +44 (0)20 7149 6000 
 Russell Cook 
 Carl Holmes 
 
 Goodbody Corporate Finance 
  (EMI Adviser)                                          +353 1 667 0420 
 Diane Hodgson 
 Linda Hickey 
 
 Media Enquiries: 
  Walbrook PR (for First Derivatives)                +44 (0)20 7933 8780 
 Bob Huxford                                  bob.huxford@walbrookpr.com 
  Helen Cresswell                         helen.cresswell@walbrookpr.com 
 Paul Cornelius                            paul.cornelius@walbrookir.com

About First Derivatives

First Derivatives is a global provider of software and consulting services to the financial services industry. With over 17 years' experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets. First Derivatives currently employs over 900 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.

For further information please visit www.firstderivatives.com

About Tullett Prebon

Tullett Prebon (www.tullettprebon.com) is one of the world's leading interdealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients in seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities.

With offices in 23 countries, Tullett Prebon operates voice, hybrid, electronic, volume matching, algorithmic matching and risk mitigation platforms, to accommodate the needs of its clients, and to satisfy the regulatory driven evolution of the marketplace. On 24 September 2013 Tullett Prebon was granted temporary registration from the Commodity Futures Trading Commission ("CFTC") for the Company's swap execution facility ("SEF"), tpSEF Inc. Tullett Prebon will continue to provide regulatory compliant infrastructures in all other jurisdictions.

In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.

Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Dubai, Frankfurt, Geneva, Houston, Jakarta, Johannesburg, Luxembourg, Madrid, Manama, Manila, Mexico, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.

http://www.tullettprebon.com/about/legal/about_publicationsdisclaimer.aspx

This information is provided by RNS

The company news service from the London Stock Exchange

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