First Derivatives plc

Polish Graduate CareersOctober 2005

Tel: 028 30 252242

E-mail: jobs@firstderivatives.com

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

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

Location

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

Financial Organisations– Banks– Investment Banks– Corporate Treasurers– Hedge Funds

Software Sectors– Financial– Database Technology– E-Business

Staff 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 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 Partners

– British Telecom, London– IT&E, Sydney– Kx Systems, Palo Alto– TickData, Washington – Calypso, California– Quadrus Financial

Technologies, Vancouver

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.

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

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

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

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

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

Increasing Salary

Project Related Bonuses

Employee Profit Share Pool

Equity Options

Contributory Pension Scheme

Private Health Cover

Employee Remuneration Profile

£0

£10,000

£20,000

£30,000

£40,000

£50,000

£60,000

£70,000

Package

1 2 3 4 5

Year

FD Remuneration

Share Options

Bonuses

Salary

FD Careers: Jamie GrantJoined: May 2003Job Title: Financial EngineerDegree: Maths & Physics, Warwick University

Location Company Project Duration

Newry FD Training on finance and C++ 1 month

Philadelphia FNX ASP development on SIERRA product 3 months

Newry e-hub K programming for stock valuation/invoice matching system 2 months

London Deutsche Bank Kdb/tick Installation 2 months

London Merrill Lynch Fx Trading System development 1 month

London Citigroup Kx consulting 1 month

London JP Morgan Kdb development 2 months

London Deutsche Bank Futures Program Trading System development 2 months

New York Lehman Brothers Presenting Kdb Training Course 2 weeks

Tokyo Lehman Brothers Presenting Kdb Training Course 2 weeks

London Merrill Lynch Fx Trading System historical database optimisation 4 months

London Barclays Capital Porting legacy time-series database to Kdb+ 9 months

FD Careers: Svein HallsteinsenJoined: Oct 2004Job Title: Financial EngineerDegree: BSc Maths & Finance, MSc Physics, Norwegian University of Science & Technology, Trondheim

Location Company Project Duration

Newry FD Training in Kx technology and Quadrus technology 1 month

London DrKW Kx evaluation 2 weeks

London Deutsche Bank Kx evaluation 2 weeks

Newry FD Development on FD's real-time trading application 1 month

Stuttgart BWB Kdb/tick Installation 1 month

Newry Quadrus Pricing Medium term notes 1 month

London HSBC Implementing Reuters feedhandler and kdb+ analytics 1 month

Newry Quadrus Pricing Cross Currency swaps 2 months

London HSBC Implementing additional kdb+ analytics 1 month

Newry FD 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

Boston Fidelity Presenting Kdb Training Course 1 week

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 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: jobs@firstderivatives.com