16 August 2010

First Derivatives going well

Shares in First Derivatives, the financial software business, jumped sharply on Thursday’s trading statement. Trading in the current year is ahead of expectations and new customers include the Financial Services Authority and the New York Stock Exchange/Euronext markets. Demand for consulting work has also risen.

Up from a December 2006 recommendation level of 172.5p to 278.5p, the shares remain a firm hold.

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