First Derivatives secures Invest Northern Ireland money for risk R&D

First Derivatives secures Invest Northern Ireland money for risk R&D

Capital markets tech house First Derivatives has received £1.29 million from Invest Northern Ireland towards a major research and development push.

The Newry-based company says it will invest a total of £4.1 million on two research projects into the development of products to deal with real time risk and market data management.

Invest Northern Ireland's contribution includes money from the European Regional Development Fund.

Brian Conlon, CEO First Derivatives, says: "This latest investment from Invest Northern Ireland will allow us to accelerate our ambitious R&D program. We have successfully completed three projects with help from Invest NI which have already yielded sales in North America and Asia."

Last year the economic development organisation awarded First Derivatives £3 million to support the creation of 142 new jobs in the country.

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