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First Derivatives plc Polish Graduate Careers October 2005. Tel: 028 30 252242 E-mail: [email protected] Polish Graduate Package. First Derivatives plc is looking to hire very high calibre Polish graduates to join its elite workforce. The company is offering the following package:

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First derivatives plc polish graduate careers october 2005

First Derivatives plcPolish Graduate CareersOctober 2005

Tel: 028 30 252242

E-mail: [email protected]

Polish graduate package
Polish Graduate Package

  • First Derivatives plc is looking to hire very high calibre Polish graduates to join its elite workforce. The company is offering the following package:

    • Starting Salary euro 25k

    • Relocation expenses

    • Free accommodation in Newry, N Ireland

      • Company owned property within walking distance of Head Office

      • All bills covered

    • Professional Clothing allowance of euro 1500

    • Entitlement to all staff benefits after 6 months

  • First year responsibilities will include:

    • 3-6 months on one of our trading systems support teams

    • Potential shift work (overtime will be paid extra)

    • Intense self-training on finance and technology

    • Move to London or NYC projects after 3-6 months

      • Travel, accommodation and subsistence are paid for by FD

Company overview
Company Overview

  • Founded 1996 – Headquartered in Newry, N Ireland

  • Recognised service provider in financial markets

  • Specialising in

    • Outsourced Systems Development & Support

    • Real-time Trading Applications (Retaining IPR)

    • Kx Technology Specialists (Largest pool of consultants worldwide)

  • Consistently profitable since inception

  • 65 staff (growing at rate of 1 per month)

  • Floated on AIM April 2002

    • 100% share price appreciation since flotation


FD is located in the city of Newry in Northern Ireland.

Newry is less than one hours drive from the major Irish cities of Belfast and Dublin.


First Derivatives plc

Target market
Target Market

  • Financial Organisations

    • Banks

    • Investment Banks

    • Corporate Treasurers

    • Hedge Funds

  • Software Sectors

    • Financial

    • Database Technology

    • E-Business


  • 65 staff (growing at rate of 1 per month)

    • Quantitative Analysts, Financial Engineers and Systems Engineers

  • Excellent Academic Backgrounds

  • Mathematics, Finance, Computer Science Graduates

  • Best of Breed Experts hired to complement local talent

    • Derivatives, Banking, Insurance, Pension Fund and I.T. experience

    • ex Morgan Stanley, Sungard, KPMG, Lloyds Abbey Life, Susquehanna

  • Extensive In-house training programmes

  • Very well paid

  • Share Options ensure participation in company success

  • Elite & committed workforce

Products and services
Products and Services

  • Outsourced Systems Development and Support

    • Consulting teams in major technology with capital markets knowledge

    • 100s of individual users in over 20 financial institutions worldwide

    • Either on-site or remote

    • Work for both Banks & Software Companies

    • Feb 2005 signed major near shore IT support contract with Electronic Data Systems (EDS)

  • Product Development retaining IPR

    • Equity, Fixed Income & FX trading tools

    • Direct Exchange Connectivity

    • Real-time Trading Applications

  • Kx Technology Specialists (Ultra-fast Database Technology)

    • Worldwide sales and services partner of Kx Systems

    • Software Sales to 8 out of 10 top tier investment banks and many hedge funds

    • Over 50 customers worldwide growing at rate of 10 per year

    • Consultancy sales to 50% of Kx Customers

    • Support Contract sales to 20% of Kx customers

Customers partners case study


British Telecom, London

IT&E, Sydney

Kx Systems, Palo Alto

TickData, Washington

Calypso, California

Quadrus Financial Technologies, Vancouver

Main Customers (in partnership with Kx Systems)

JP Morgan, London

Dresdner Kleinwort Wasserstein, London

Lehman Bros, London & New York

Merrill Lynch, London & New York

Deutsche Bank, London

Fidelity, Boston

Bank of America, New York

CIBC, New York

Swedbank, Stockholm

Svenska Handelsbanken, Stockholm

Customers/Partners/Case Study

  • Case Studies

    • FD sold A leading UK Investment Bank an Kx equity enterprise license in Jan 2002. The FD on-site team has now grown to 5 (spread between London & NYC) and is responsible for developing and maintaining the equity program trading environment including an advanced analytics library written in q.

    • FD worked on the Opus product installation for Swedbank in 1996 and have had a minimum of 1 consultant onsite ever since. The current 3 man team based in Stockholm provides ongoing systems support to the traders and resources for ad hoc developments.

    • A large UK bank hired 2 FD resources for one-off project in 2001. Project success has helped spread FD reputation throughout the bank and we currently have 15 consultants on and off-site working on 6 separate projects. In the past 18 months FD has taken full responsibility for the near shore support of the Calypso product and formed a separate team to near-shore the support a range of legacy systems.

Current projects sample
Current Projects - sample

  • US Software House

    • Project Management of an Interest Rate Derivative Blotter developed as an extension to an existing trading system

  • Swedish Bank

    • FD provide user and technical support for Opus, Kondor+, Algorithmics and carry out any in-house developments requiring customisation and/or integration with the Opus trading system

  • Investment Bank

    • Multiple Trading System Integration, EAI project that required the integration of various trading systems for the purpose of collating all accounting data in each system into one back office accounting area

  • Large UK Bank

    • Development & Support of Trading System Integration, Responsible for fixed income operational systems – from deal entry, through confirmation, settlement and posting to a general ledger system. The FD team also manage the generation of regulatory reports, contingency systems and various market risk feeds.

  • US Bank

    • The design and development of a front to back real-time algorithmic trading platform incorporating tick data capture, storage & analysis, implementation of equity program trading strategies and direct links to exchanges for ultra-low latency trade execution.

Corporate direction
Corporate Direction

  • Maturity to medium sized company of 100-150 employees

  • Increase earnings potential through investing in employees

  • Increase market share

  • Establish senior consultants as market leaders in their field

  • Develop software products

  • Become market leader in real-time trading applications

  • Expand Kx database technology to non-financial markets worldwide

A future with first derivatives
A Future with First Derivatives

  • Visible career path

  • Extensive training programs

  • Working with leading edge technology

  • Working with the latest techniques and concepts in finance

  • Learn how to compile and present information for external use

  • Learn aspects of marketing, HR, planning, budgeting

  • Work with top management in large banks

  • Assume responsibility more quickly than in other companies

  • Best remuneration package in Ireland - north or south

  • Participate in company success via share options

Fd training
FD Training

  • Financial Theory

    • Pricing and Risk Management of all Financial Instruments

  • Software Engineering

    • Exposure to several major technologies

  • Internet Technologies

  • Kx Technology

  • Development Tools

  • Project Management

  • Sales Awareness

  • Marketing Awareness

  • Language Training

Benefits and prospects
Benefits and Prospects

  • Increasing Salary

  • Project Related Bonuses

  • Employee Profit Share Pool

  • Equity Options

  • Contributory Pension Scheme

  • Private Health Cover

Fd careers jamie grant







Training on finance and C++

1 month



ASP development on SIERRA product

3 months



K programming for stock valuation/invoice matching system

2 months


Deutsche Bank

Kdb/tick Installation

2 months


Merrill Lynch

Fx Trading System development

1 month



Kx consulting

1 month


JP Morgan

Kdb development

2 months


Deutsche Bank

Futures Program Trading System development

2 months

New York

Lehman Brothers

Presenting Kdb Training Course

2 weeks


Lehman Brothers

Presenting Kdb Training Course

2 weeks


Merrill Lynch

Fx Trading System historical database optimisation

4 months


Barclays Capital

Porting legacy time-series database to Kdb+

9 months

FD Careers: Jamie Grant

Joined: May 2003

Job Title: Financial Engineer

Degree: Maths & Physics, Warwick University

Fd careers svein hallsteinsen







Training in Kx technology and Quadrus technology

1 month



Kx evaluation

2 weeks


Deutsche Bank

Kx evaluation

2 weeks



Development on FD's real-time trading application

1 month



Kdb/tick Installation

1 month



Pricing Medium term notes

1 month



Implementing Reuters feedhandler and kdb+ analytics

1 month



Pricing Cross Currency swaps

2 months



Implementing additional kdb+ analytics

1 month



Development of Kdb+ DBA tool

1 month

New York

Bank of America

Development of C# gui

1 month

New York

Lehman Brothers

Migrating kdb tick database to kdb+

1 month



Presenting Kdb Training Course

1 week

FD Careers: Svein Hallsteinsen

Joined: Oct 2004

Job Title: Financial Engineer

Degree: BSc Maths & Finance, MSc Physics, Norwegian University of Science & Technology, Trondheim

Employee responsibilities
Employee Responsibilities

  • Professional approach at all times

  • Promotion of the company and its ideals

  • Proper feedback and reporting

  • Self-Training to complement in-house courses

  • Provide assistance and mentoring to less experienced personnel

  • Feedback of sales opportunities

  • Periods of intense work

Potential candidates
Potential Candidates

  • Do you have a very strong Mathematics background?

  • Are you prepared to travel extensively at short notice as part of your job?

  • Are you prepared to work long term in NYC, London or other European destinations?

  • Are you prepared to work in Newry from 0900-1800 Monday to Friday, while not involved in a project onsite?

  • Are you prepared to learn new technologies and languages necessary to succeed as a First Derivatives financial engineer or financial technology consultant?

  • Are you prepared to spend time learning the principles of derivatives pricing and risk management?

If you can answer YES to these questions

Send CVs to:

[email protected]