Ministers announce expansion of Fidessa plc's Belfast centre

Jan 20, 2011

First Minister Rt. Hon. Peter D. Robinson MLA and deputy First Minister Martin McGuinness MP, MLA announced that Fidessa plc is to create 90 high-quality financial services technology jobs in Belfast today.

Fidessa, headquartered in London with offices worldwide, is a leading financial markets software and services company. With support from Invest Northern Ireland, it set up a development centre in Belfast in 2008. The expansion announced today is also supported by Invest NI which has offered assistance of £970,000.

Making the announcement Mr Robinson said: "The financial services technology sector is important to the Northern Ireland economy in its potential to create wealth through high value jobs and export focused trading. This investment is a welcome confidence boost for the economy, which, as we begin this New Year, is still facing many challenges and will help to drive the growth and international reputation of the financial services sector in Northern Ireland.”

Mr McGuinness said: “These new jobs will bring employment at Fidessa’s Belfast centre to 115 over the next three years. The investment follows recent investments by other internationally successful companies such as NYSE Euronext and First Derivatives and sends a very clear message to multi-national companies that this region has much to offer the global financial service sector.”

Enterprise Minister Arlene Foster added: “Invest NI’s support was instrumental in securing this investment as well as the availability of high quality software engineers and the company’s positive experience at its Belfast operation. I am confident that Fidessa’s expansion in Northern Ireland will benefit both the company and our local economy.”

Fidessa serves around 26,000 users across 900 clients worldwide. Its products are used by over 85% of global, tier-one equity brokers as well as by many of the world’s largest asset managers.

Chris Aspinwall, Fidessa plc’s CEO said: "The Belfast centre has been central to the development of our new products and services for the international market and we have been delighted with the calibre of software engineers we have been able to recruit. This further investment will strengthen our development capability and enhance our reputation for providing powerful, robust solutions to meet the requirements of the most demanding blue-chip organisations involved in global financial markets trading.”

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