Shares in Newry-based FD Technologies plunge on revised guidance

Company trading over 30 per cent lower as it expresses disappointment over expected annual recurring revenue growth

Seamus Keating, chief executive of FD Technologies

Shares in FD Technologies, the Newry-headquartered company, have plunged by over 30 per cent in trading after the firm lowered its full-year forecast.

Founded as First Derivatives by the late Brian Conlon in 1996, London-listed FD, which is now led by Seamus Keating, employs about 2,500 people across three separate divisions: Kx, First Derivatives and MRP.

It counts some of the world's largest finance, technology, automotive, manufacturing and energy institutions among its clients. Named clients ...