Ministers welcome NYSE Euronext commerical technology expansion in Belfast
Monday, 19 October 2009First Minister Peter Robinson, MP MLA, and Deputy First Minister Martin McGuinness, MP MLA, today formally welcomed plans by NYSE Euronext (NYX) to expand the business operations of its NYSE Technologies division in Belfast.
Invest Northern Ireland will provide up to £9.6million to support the move of NYSE Technologies business operations into a new state-of-the-art development facility in 2010 and the creation of up to 400 new technology, operational and corporate jobs, which include 75 positions from a prior agreement, in the coming years.
NYSE Euronext recognises its operations in Belfast as a centre of excellence for the delivery of innovative technology solutions, specifically low latency messaging capabilities, data distribution and securities operations to serve its expanding global client base.
First Minister Rt. Hon Peter Robinson, MP MLA, said: “Today’s announcement that NYSE Euronext intends to expand its operations and staff in Belfast is yet another positive step forward by Invest NI in the growth of our local financial services sector, particularly at a time when global competition for such investment has never been higher. NYSE Technologies is an enterprise which works at the very core of the trading world, developing advanced software solutions for global trading markets.”
Deputy First Minister Martin McGuinness, MP MLA, said: “No one should doubt the scale and significance of this expansion which is a major endorsement of our local talent, knowledge and infrastructure. It will also send a clear message to other potential investors when such a high profile institution decides to invest here. Over the past two years I, along with the First Minister and his predecessor have had an ongoing engagement with Duncan and his colleagues which we are delighted has led to this announcement.”
Enterprise Minister Arlene Foster said: “Having met with the company in New York in December, and more recently in Belfast, I am delighted to see this latest project come to fruition today. Following on from last year’s announcement at the US Investment Conference, through this latest expansion, NYSE Euronext’s commitment to Northern Ireland sends a strong message to other potential investors that this is an exceptional place to locate and grow a business.”
Duncan Niederauer, Chief Executive Officer, NYSE Euronext, said: "We welcome the opportunity to partner with Invest NI and to expand our presence in Belfast. Northern Ireland will become increasingly important to our global growth strategy and complement our technology centres in Paris and London. Together, these centres of excellence will enable us to effectively address the growing technology and trading needs of our customers and our company."
Stanley Young, Chief Executive Officer, NYSE Technologies and Co-Global Chief Information Officer, NYSE Euronext, added: "Our operation in Belfast has exceeded expectations for the delivery of advanced software solutions for our global clients. The calibre of people, combined with Invest NI’s support and the growing financial services and ICT sectors, fits extremely well with our business objectives."
Notes to Editors:
1. About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, NYSE Euronext, NYSE Amex and NYSE Alternext as well as NYSE Arca – represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: www.nyx.com.
2. About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S., Europe and Asia, NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
*NYSE Technologies’ Market Data Platform voted “Most Innovative Market Data Latency Solution” Financial-i: Leaders in Innovation Awards, 2006, 2007 and 2008.
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