US fintech company SpiderRock to create 20 new jobs in Belfast

A US financial technology company is to create 20 jobs with a new technical development team in Belfast.

Stormont Economy Minister Conor Murphy welcomed the move by Chicago-based SpiderRock.

He said the office based at the Pearl Assurance Building in Belfast was his first investment in Northern Ireland and described his work as providing high-performance cloud trading systems and low latency market data solutions to clients worldwide, including hedge funds, bank trading desks and proprietary trading firms.

“This investment from such a prestigious company is testament to the international stature of the North’s thriving fintech sector,” he said.

“Invest NI and I met with the SpiderRock management team in Chicago last year to discuss the benefits of investing in the North.

“I am delighted that the company has decided to create 20 new roles offering an average salary of £55,000, almost double the private sector median.

“The hybrid nature of the positions means they will be accessible to people from across the region.”

George Papa, Managing Director of SpiderRock, said he had been impressed by the talent and expertise available in Northern Ireland, as well as the strong partnerships with universities and support from Invest NI.

“Our Northern Ireland team will play a vital role in supporting our trading platform, extending operational coverage outside of US business hours and enabling our expansion into European markets,” he said. he declared.

“Recruitment efforts are progressing rapidly and we are pleased to have already filled almost half of the planned positions.

“This investment marks an important milestone for SpiderRock as we strengthen our presence in Europe, build our brand and deliver innovative solutions to new markets.”

Invest NI helped secure investment for Northern Ireland and offered support for all 20 roles.

Andrea Haughian, Invest NI’s head of Americas, added: “SpiderRock’s decision to establish operations in Northern Ireland highlights the region’s growing reputation as a financial technology hub, offering a qualified workmanship and a competitive business environment.