Northern Ireland’s Renowned Fintech Sector Attracts Another US Investor

May 25, 2017
Alastair Hamilton, Invest NI, (left) is pictured with Rob McCollum, Redline Trading Solutions, during a visit to the company in Massachusetts.

US based Redline Trading Solutions, a niche global provider of Fintech services, has chosen Belfast as the location of its new global support centre, with plans to create up to 20 new jobs.

The announcement came while Alastair Hamilton, CEO, Invest Northern Ireland visited the company in Massachusetts during a weeklong US visit programme.

Alastair said: “I am delighted to be able to make this announcement while visiting the company here in the US.

“Once again our reputation as a great place to do business has secured another new inward investor. Redline provides financial technology services, with its customers including four of the top five leading investment banks.”

Redline empowers its customers to make strategic trading decisions by providing the fastest and most reliable market data alongside technology solutions to provide pre-trade risk checks, order and portfolio management, real-time order tracking, and system monitoring.

“The company has chosen Belfast as the location of its new Global Support Centre over its other global locations in Great Britain, Republic of Ireland and Asia. These are well paid roles across software engineering, support and sales. The team in Belfast will be solely focused on developing Redline’s global support services.”

Invest NI has offered £100,000 towards the creation of the new jobs.

Redline founder and CEO, Mark Skalabrin said: “Our vision is to build intelligent trading solutions with performance and reliability unmatched in the industry. By combining customer needs, industry trends, and emerging technologies, we are providing innovative solutions that help our customers to succeed in an ever-changing market.

“The new support centre in Belfast will be core to our growth, not only supporting our existing client base, but also in enabling us to capitalise on opportunities in Europe.

“We are very grateful for Invest NI support, and for their help in understanding the local market and make important contacts to ensure we are able to get up and running quickly.”

Alastair Hamilton is visiting New York, Boston and Toronto to meet with potential investors.

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