NYSE to create new IT jobs in Northern Ireland

Bourse expects to generate 400 jobs and expand its Belfast technology service centre

NYSE says its Belfast operations 'fits extremely well' with its business objectives

The New York Stock Exchange (NYSE) expects to create 400 new jobs following a multimillion-pound expansion of its technology service centre in Belfast.

The vacancies will include IT, operational and corporate roles and include 75 new jobs which have previously been announced, with recruitment taking place over the next two years and mainly targeting Belfast-based computer science graduates.

The expansion will see the bourse’s business operations moving to a more modern facility in 2010, a project which regional economic development agency Invest NI is supporting with up to £9.6m in funding.

According to reports, the announcement follows NYSE’s acquisition of Belfast software company Wombat in 2007 - the bourse had been in talks with Invest NI to expand ever since.

NYSE chief executive Duncan Niederauer was quoted as saying that the decision to expand was driven by the quality of workforce skills in the region as well as his personal relationship struck up with parliamentary leaders.

The pool of highly-skilled IT workers available in the region was also highlighted by the chief executive officer of NYSE Technologies and co-global chief information officer at NYSE Euronext, Stanley Young.

"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," said Young.