First Derivatives plc announced that, with immediate effect Adrian Toner and Kevin Cunningham, will resign as directors of the company but will remain members of the Executive Management Committee. Michael O'Neill will also resign with immediate effect from the Board of Directors. The board has also reviewed and amended the composition of the Remuneration Committee, as a result of which Brian Conlon will stand down and the committee will now comprise Pat Brazel (Chairman), Seamus Keating and David Anderson. The board believes that the reorganisation of directors' and management's responsibilities better reflects the operational structure of the Company and also more closely reflects the provisions of the UK Corporate Governance Code. Group management responsibilities will now be conducted through the recently-created Executive Management Committee. The composition of the Executive Management Committee reflects the organisational structure and central functions of the Company and is comprised of Brian Conlon, Graham Ferguson, Adrian Toner, Kevin Cunningham, Brendan Duffy, Gerry Buggy and Tom Kozlowski. The company' Board of Directors will remain responsible for the strategic development of the Company, for all matters of corporate governance and related shareholder matters.

First Derivatives plc announced the launch of its Swap Execution Facility (SEF) initiative and the appointment of James Sanders as Chief Compliance Officer to oversee the company's registration as a SEF. In order to oversee the company's registration as a SEF, James Sanders has been appointed as Chief Compliance Officer. Prior to assuming this post, James served for seven years as Chief Compliance Officer of FXCM.

First Derivatives plc announced that it has signed a multi-year annual software license with the Australian Securities and Investment Commission (ASIC) to implement its Delta Stream™ solution for the design, development and hosting of ASIC's new market surveillance system. Delta Stream™ will be used by ASIC in meeting its statutory obligation to oversee Australia's licensed financial markets. In particular, Delta Stream™ will be integral to ASIC's market surveillance activities enabling detection of trading anomalies and irregularities that may indicate disorderly or prohibited trading across the range of asset classes and products traded. This ability to monitor various instrument types in differing asset classes like equities and fixed income, highlights the strength of the Delta suite in dealing with large data volumes at high velocity within a single platform, that is its ability to address the "big data" challenge.