First Derivatives, Northern Ireland's indigenous fin tech company, is to create 484 jobs at its Newry headquarters, bringing its global staff to almost 1,500
First Derivatives Group, the global provider of trading and risk management software systems and consulting services for multinational financial institutions and technology vendors is to create 484 jobs in its headquarters in Newry.

Invest NI has offered a total of £3.9 million to support the Group’s expansion plans.

Brian Conlon, CEO, First Derivatives plc said: “These investments will substantially increase the capacity of First Derivatives and enable the Group to develop new business in export markets. Critical to the success of our business 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.”

The Enterprise, Trade and Investment Minister Arlene Foster said: “One of Invest NI’s key objectives is to support the creation of high value jobs with salaries above the Northern Ireland average, such as those being created by First Derivatives today, as these will ultimately help to rebuild and rebalance our economy.”

The First Minister Peter Robinson said the project would generate over £22 million a year to the local economy in salaries and provide high quality employment opportunities.

“The Northern Ireland Executive has made growing our economy its number one priority and through continued job creation and expansion by companies such as First Derivatives Group we will meet that goal. First Derivatives is one of Northern Ireland’s most successful indigenous software companies and should be commended on its remarkable achievements in what is a highly competitive global market.

“I very much welcome that today’s investment will see First Derivatives Group grow its staff to almost 1,500 worldwide with clients from the top 100 global financial institutions.”

The deputy First Minister Martin McGuinness said the project was 'another sign the Executive’s plans for jobs and investment are working'. 'I congratulate Brian Conlon, CEO First Derivatives and his team who through their hard work and entrepreneurial spirit have developed a global company providing software and consulting services to the financial services sector, he said.