Financial Technology Firm Options Sets Up in Belfast, Creating 30 New Jobs

Jun 26, 2014

Pictured (L – R) are Danny Moore, Options, and Barry McBride, Invest NI.

UK and US-based financial technology firm Options has established a new centre in Belfast, investing £2.9million and creating 31 high quality IT jobs.

Invest Northern Ireland is supporting the investment with a grant of £249,000.

The London and New York-based company provides cloud-based IT infrastructure products to the global financial services industry. It currently employs 100 and is poised for considerable growth. 12 of 31 jobs to be created in Belfast are already in place.

Barry McBride, Invest NI’s Executive Director of International Business, made the jobs announcement during a visit to the company’s new premises on Botanic Avenue. He said: “Options is the latest globally trading company to choose Northern Ireland as an investment location. Its investment will generate around £1.1million annually in salaries in wages.

“This news follows recent significant investment announcements by Concentrix and EY and further demonstrates this region’s ability to attract high quality, knowledge-based businesses.”

Welcoming the announcement, Enterprise Trade and Investment Minister Arlene Foster said: “The company’s rationale for selecting Northern Ireland includes the availability of skilled support engineers, the high-speed telecommunications links between Northern Ireland, North America and Europe, and the support offered by Invest NI.

“Options was also influenced by the positive experience of other financial IT companies here, such as Citi and CME, and by the strong links between industry and our university research groups in Belfast and Londonderry.”

Options’ global customers include leading hedge funds, exchanges and global investment banks. It has offices in central London, New York, Chicago, Hong Kong and Singapore.

Options’ Chief Operating Officer is Danny Moore, the former COO of NYSE Technologies. Prior to joining NYSE, Danny served as Chief Executive Officer of Belfast-based trading technology firm Wombat Financial Software. NYSE acquired Wombat in March 2008.

He commented: “The burgeoning financial technology sector here, coupled with a dynamic, motivated and highly educated workforce, makes Belfast a perfect fit for Options. The breadth of local talent, both technical and non-technical, is the reason we brought Wombat to Belfast, and later NYSE, and I’ve no doubt that it was this talent that helped propel Wombat to its ultimate success. Similarly, I fully expect Belfast to be an integral part of Options’ future growth.

“I would like to thank Barry, Enterprise Minster Arlene Foster and Invest NI for their confidence and commitment. This last decade has seen Belfast, and Northern Ireland, become a significant player in the global financial services sector and it certainly would not have been possible without their continued support.”

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