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27/01/2025
Chicago Fintech Firm Creates Jobs With Belfast Investment
Economy Minister Conor Murphy has announced that SpiderRock Technology Solutions, a leading Chicago-based fintech firm, is establishing a new engineering development team in Belfast.
This investment marks SpiderRock's entry into the Northern Ireland market and will see the creation of 20 new high-skilled jobs, offering average salaries of £55,000.
"This investment by such a prestigious company is testament to the international stature of the North's thriving fintech sector," said Minister Murphy. "Invest NI and I met with SpiderRock's leadership team in Chicago last year to discuss the benefits of investing in Northern Ireland, and I am delighted that they have chosen to establish a presence here."
SpiderRock delivers high-performance, cloud-based trading systems and low-latency market data solutions to clients worldwide, including hedge funds, bank trading desks, and proprietary trading firms.
The new Belfast office will be located at the Pearl Assurance Building on Donegall Square East, and the roles will offer a hybrid working model, making them accessible to talent across Northern Ireland.
George Papa, CEO of SpiderRock, said: "We have been incredibly impressed with the talent and expertise available in Northern Ireland, as well as the strong partnerships with universities and support from Invest NI.
"Our Northern Ireland team will play a critical role in supporting our trading platform, extending operational coverage during non-US hours, and enabling our expansion into European markets. Recruitment efforts are progressing rapidly, and we're thrilled to have already filled almost half of the planned roles. This investment marks a significant milestone for SpiderRock as we grow our presence in Europe, build our brand, and deliver innovative solutions to new markets."
Invest NI helped to secure the investment for Northern Ireland and has offered support towards the 20 roles. Andrea Haughian, Invest NI's Head of Americas, added: "Securing this investment for Northern Ireland is a testament to the hard work of our local Investment Manager and the collaborative efforts of our in-market team in the US.
"SpiderRock's decision to establish operations in Northern Ireland highlights the region's growing reputation as a fintech hub, offering a skilled workforce and a competitive business environment. The new team will play a pivotal role in advancing SpiderRock's global strategy and we look forward to supporting SpiderRock as it grows its operations here."
This investment marks SpiderRock's entry into the Northern Ireland market and will see the creation of 20 new high-skilled jobs, offering average salaries of £55,000.
"This investment by such a prestigious company is testament to the international stature of the North's thriving fintech sector," said Minister Murphy. "Invest NI and I met with SpiderRock's leadership team in Chicago last year to discuss the benefits of investing in Northern Ireland, and I am delighted that they have chosen to establish a presence here."
SpiderRock delivers high-performance, cloud-based trading systems and low-latency market data solutions to clients worldwide, including hedge funds, bank trading desks, and proprietary trading firms.
The new Belfast office will be located at the Pearl Assurance Building on Donegall Square East, and the roles will offer a hybrid working model, making them accessible to talent across Northern Ireland.
"Our Northern Ireland team will play a critical role in supporting our trading platform, extending operational coverage during non-US hours, and enabling our expansion into European markets. Recruitment efforts are progressing rapidly, and we're thrilled to have already filled almost half of the planned roles. This investment marks a significant milestone for SpiderRock as we grow our presence in Europe, build our brand, and deliver innovative solutions to new markets."
Invest NI helped to secure the investment for Northern Ireland and has offered support towards the 20 roles. Andrea Haughian, Invest NI's Head of Americas, added: "Securing this investment for Northern Ireland is a testament to the hard work of our local Investment Manager and the collaborative efforts of our in-market team in the US.
"SpiderRock's decision to establish operations in Northern Ireland highlights the region's growing reputation as a fintech hub, offering a skilled workforce and a competitive business environment. The new team will play a pivotal role in advancing SpiderRock's global strategy and we look forward to supporting SpiderRock as it grows its operations here."
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