Belfast Telegraph

US tech firm Redline to build global support hub in Belfast

By Rachel Martin

A US data services company is creating up to 20 jobs at a new global support centre planned for Belfast. Redline Trading Solutions said it chose the city over a number of other locations, including in the Republic of Ireland and elsewhere in the UK.

The announcement comes as Invest NI chief executive Alastair Hamilton visits the US on a trade mission.

Mr Hamilton has already met Redline's Rob McCollum in Massachusetts as part of the week-long trip.

Invest NI representatives will also visit New York, Boston and Toronto to meet with potential investors.

Invest NI offered £100,000 to support the creation of the jobs.

Redline said it had made its name "providing fast and reliable market data alongside technology solutions to provide pre-trade risk checks, order and portfolio management, order tracking and system monitoring".

The firm's founder and chief executive, Mark Skalabrin, said the centre would allow the company to develop its European market.

"Our vision is to build intelligent trading solutions with performance unmatched in the industry," he added.

"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 to make important contacts to ensure we are able to get up and running quickly."

Alastair Hamilton 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 inward investor.

"Redline provides financial technology services, with its customers including four of the top five leading investment banks.

"These are well-paid roles across software engineering, support and sales.

"The team in Belfast will be solely focused on developing Redline's support services."

The company is the latest tech firm to set up locally. Just last week, California's Anomali announced it was creating 120 jobs here.

Belfast Telegraph