First Derivatives creates 484 Northern Ireland jobs

First Derivatives creates 484 Northern Ireland jobs

Capital markets tech house First Derivatives will create nearly 500 jobs at its headquarters in Newry, Northern Ireland, after scoring a £3.9 million government grant.

The grant, from Invest Northern Ireland, will ensure the creation of 484 "high quality jobs", says the company, which provides trading and risk management software and consulting services to banks.

Invest Northern Ireland has repeatedly backed the fintech vendor, giving it £4.3 million in 2011 to open up 359 jobs, £1.29 million in 2010, and £3 million in 2009 for the creation of 142 roles.

First Minister Peter Robinson says the latest money and the new jobs will generate more than £22 million a year for the local economy.

Brian Conlon, CEO, First Derivatives, says: "Critical to the success of both businesses is the quality of staff, and we know from experience that we can recruit excellent staff locally. Invest NI's ongoing support continues to be essential to our growth plans."

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