An American financial technology company will create 20 jobs with a new technical development team in Belfast.
Stormont Minister of Economy, Conor Murphy, praised Spiderrock’s decision, based in Chicago.
He said that the PEARL Assurance Building Bureau in Belfast was its first investment in Northern Ireland and described its work as the supply of high -performance cloud negotiation systems and low -latency market solutions to Customers around the world, including hedge funds, bank negotiation desks and negotiation companies on their own account.
“This investment of such a prestigious company testifies to the international stature of the flourishing sector of financial technologies in the North,” he said.
“Invest Ni and I met the Spiderock management team in Chicago last year to discuss the advantages of investing in the North.
“I am delighted that the company has decided to create 20 new positions offering an average salary of £ 55,000, almost double the median in the private sector.
“The hybrid nature of the posts means that they will be accessible to people from the whole region.”
George Papa, director general of Spiderrock, said he was impressed by the talent and expertise available in Ireland, as well as by solid partnerships with universities and the support of Investi Ni.
“Our Northern Ireland team will play an essential role by supporting our trading platform, extending operational coverage outside the opening hours of the United States and allowing our expansion on European markets,” He declared.
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“Recruitment efforts are progressing quickly and we are delighted to have already provided almost half of the planned positions.
“This investment marks an important step for Spiderrock while we strengthen our presence in Europe, build our brand and offer innovative solutions to new markets.”
Invest or has helped secure investment for Northern Ireland and have supported the 20 roles.
Andrea HAGHIAN, head of Invest or for the Americas, added: “Spiderrock’s decision to establish operations in Northern Ireland highlights the growing reputation of the region as a cluster of financial technology, offering a hand- qualified work and a competitive commercial environment.