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Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Asset & Financial Management & Trading Software
firstderivatives.com

Investments

4

Partners & Customers

10

About First Derivatives

First Derivatives is a provider of products and consulting services to the capital markets industry. Focused on financial institutions that work cross-asset, often with multi-system and/or high volume trading activities, the company scopes, designs, develops, implements, and supports a broad range of mission-critical data and trading systems across front, middle, and back-office operations.

Headquarters Location

3 Canal Quay

Newry, BT35 6BP,

Ireland

+44-(0)28-3025-2242

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Latest First Derivatives News

Membrane Announces First Derivatives Trade Settled on Network

Nov 18, 2023

Membrane Announces First Derivatives Trade Settled on Network [PRESS RELEASE – New York, United States, November 17th, 2023] Membrane Labs Inc., a leading institutional-grade digital asset settlement and workflow management platform, today announced the successful completion of its first derivatives settlement with prominent trading firms QCP and Wakem Capital. The transaction seamlessly moved margin in fiat, showcasing the platform’s ability to facilitate the settlement process for derivatives transactions through a versatile, custody-agnostic API and blockchain interface. “Our mission at Membrane has always been to bridge the gap between traditional finance and the world of crypto assets,” said Carson Cook, CEO of Membrane. “This successful transaction is a testament to our platform’s capacity for innovation and our commitment to providing a secure and efficient settlement network. It represents a significant step forward in our work with market leaders like QCP and Wakem Capital, demonstrating our mutual dedication to advancing the digital asset economy.” The transaction allowed both parties to experience the full scope of Membrane’s settlement network, including its capacity for handling various collateral arrangements and currencies. Utilizing fiat for margin purposes was a deliberate choice, showcasing Membrane’s versatility in building seamless integrations across both traditional banking and custody providers. “As a global leader in digital assets trading, we are delighted to support Membrane’s journey as an investor, and the first in the market to experience their settlement capabilities in derivatives. With increased efficiency in execution and settlement, this transaction is a first step towards accelerating the convergence of products and capital flows from the traditional finance and digital assets industry,” said Darius Sit, Founder & CIO of QCP Capital. “The successful execution of this transaction using Membrane’s network is significant,” commented Wakem Capital Mgmt founder John Vincent. “It serves as a clear indicator of the platform’s readiness to meet the growing needs of derivatives execution & settlement in the digital asset universe. Just as we saw this development in the FX markets in the 1990s, we see Membrane taking the first step to provide execution, settlement, & counterparty management in an integrated platform.” About Membrane Membrane is a technology platform offering a variety of enterprise-grade clearing, settlement and lending applications integrated with a custody-agnostic settlement network. Membrane’s platform allows for seamless management and settlement of OTC spot trades, loans, derivatives, and associated collateral management.

First Derivatives Investments

4 Investments

First Derivatives has made 4 investments. Their latest investment was in Zipabout as part of their Unattributed on December 19, 2019.

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First Derivatives Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/19/2019

Unattributed

Zipabout

$1.76M

Yes

2

5/29/2019

Series A

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$99M

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10

12/7/2017

Unattributed VC

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10

9/21/2017

Seed VC - II

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$99M

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0

Date

12/19/2019

5/29/2019

12/7/2017

9/21/2017

Round

Unattributed

Series A

Unattributed VC

Seed VC - II

Company

Zipabout

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Amount

$1.76M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

0

First Derivatives Acquisitions

7 Acquisitions

First Derivatives acquired 7 companies. Their latest acquisition was Kx Systems on July 03, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/3/2018

$99M

Acquired

3

12/11/2017

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$99M

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10

1/12/2016

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$99M

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10

4/1/2015

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$99M

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10

3/24/2015

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$99M

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10

Date

7/3/2018

12/11/2017

1/12/2016

4/1/2015

3/24/2015

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

3

10

10

10

10

First Derivatives Partners & Customers

10 Partners and customers

First Derivatives has 10 strategic partners and customers. First Derivatives recently partnered with Numerix on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/20/2021

Licensee

United States

New York, NY – April 20, 2021. Numerix Welcomes First Derivatives as Capital Markets Consultancy Partner.

Through the partnership , Numerix will embed First Derivatives 's extensive network of consultants and deep capital markets expertise into its solution implementations enabling it to further enhance the delivery of products and services to its global network of clients .

1

5/19/2020

Partner

India

First Derivatives : FD announces global partnership agreement with Tata Consultancy Services

Under the terms of this partnership , Kx will be used within Tata Consultancy Services 's transformative solutions as the time-series database for the collection of fast-moving data from machines .

5

5/19/2020

Partner

India

FD announces global partnership agreement with Tata Consultancy Services

Tata Consultancy Services has been the growth and transformation partner to leading corporations across industry verticals , helping them harness the power of IoT , AI and Machine learning to reimagine their business models .

1

2/5/2019

Partner

United States

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10

10/30/2018

Client

Canada

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10

Date

4/20/2021

5/19/2020

5/19/2020

2/5/2019

10/30/2018

Type

Licensee

Partner

Partner

Partner

Client

Business Partner

Country

United States

India

India

United States

Canada

News Snippet

New York, NY – April 20, 2021. Numerix Welcomes First Derivatives as Capital Markets Consultancy Partner.

Through the partnership , Numerix will embed First Derivatives 's extensive network of consultants and deep capital markets expertise into its solution implementations enabling it to further enhance the delivery of products and services to its global network of clients .

First Derivatives : FD announces global partnership agreement with Tata Consultancy Services

Under the terms of this partnership , Kx will be used within Tata Consultancy Services 's transformative solutions as the time-series database for the collection of fast-moving data from machines .

FD announces global partnership agreement with Tata Consultancy Services

Tata Consultancy Services has been the growth and transformation partner to leading corporations across industry verticals , helping them harness the power of IoT , AI and Machine learning to reimagine their business models .

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Sources

1

5

1

10

10

First Derivatives Team

11 Team Members

First Derivatives has 11 team members, including current Chief Executive Officer, Seamus Keating.

Name

Work History

Title

Status

Seamus Keating

Chief Executive Officer

Current

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Name

Seamus Keating

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Work History

Title

Chief Executive Officer

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Status

Current

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Derivative Path

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