Derivation Software opens New York office
1 September 2010
New York, August 2010 - Derivation Software, the premier provider of integrated portfolio and risk management
solutions for the capital markets industry, today announced its expansion into the U.S. market with the opening
of a New York office on Wall Street to be headed by David Boot.
The office has been opened in response to Derivation’s growing client base in the U.S. of Investment banks,
brokerages, hedge funds and asset managers and also to support the increasing opportunities that are arising there.
“The opening of the New York office is a significant step forward in Derivation’s global expansion plans and is in
response to the growing demand for the Derivation suite of products”, said Kevin Lenehan, CEO of Derivation Software.
“We are delighted that David, who has been with Derivation for more than 6 years is going to lead our operation in
the U.S. as he has a wealth of product and market experience that will prove invaluable to us there. We have already
developed a strong client base in the U.S. market and this has been reinforced with our recent signing of a large
investment bank to provide their Convertible bond desk with our market leading Derivation Trader and Derivation Fund
software. We are very encouraged by the outlook for us in the U.S. and believe that this will lead to many more
significant deals in the future”.
Derivation Trader is a real-time portfolio and risk management system used by trading desks, hedge funds and other
investment management firms. The system is designed to provide users with a powerful and flexible tool with the
ability to monitor real time risk, analytics, pricing, P&L and positions across all asset classes. Derivation Fund
is a portfolio management system that is designed to be the core system within an investment management firm’s
operation. The system provides trade lifecycle and position management, cash management and integration with
key third parties.
About Derivation
Derivation is a provider of integrated trading solutions for the capital markets
industry. The company was founded in 1996 by derivative IT specialists with many
years of investment banking technology experience. Derivation originated as a convertible
bond trading system, used by a trading desk within a large German investment bank.
It spun out in early 2000’s and was developed into an integrated, cross asset portfolio
and risk management platform. Derivation has clients in the UK, Europe, U.S. and
Asia and is focused on providing quality and cost effective solutions for companies
of all size and complexity.
For more information contact:
U.S. Sales
+1 212 386 5521
European Sales
+44 20 3178 6657
Asia Sales
+852 2251 1568