First Derivatives posts bullish trading update

Source: First Derivatives

First Derivatives ('the Company'), a provider of software and consulting services to the world's financial markets, is pleased to provide the following positive trading update.

The strong trading momentum that has characterised the beginning of the year has continued into the second half of the year. The Company expects normalised profit before tax to be materially ahead of market expectations.

The enhanced profitability has been a function of securing new customers and an increased take-up of KX Technology.

The Company will release a more detailed update on it's financial performance in due course and its financial results for the year to 28 February 2007 in early May 2007.

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