Page last updated at 09:51 GMT, Thursday, 8 May 2008 10:51 UK

Software firm creates 75 posts

Ian Paisley, Duncan Niederauer and Martin McGuinness
CEO Duncan Niederauer was flanked by Ian Paisley and Martin McGuinness

A software company owned by the New York Stock Exchange (NYSE) is to create 75 new jobs at its Belfast base.

Wombat develops software to speed up the delivery of electronic market data to hedge funds and investment banks.

It has direct links to stock markets and has designed software so that the data can reach the financial institutions in milliseconds.

The NYSE chief executive announced the 3m expansion at the opening session of the US-NI investment conference.

NYSE subsidiary Euronext bought the firm in January for about 100m, and this latest investment means about 200 people will work for the company by 2010.

'Friend and investor'

NYSE Euronext CEO Duncan Niederauer made the announcement while flanked by First Minister Ian Paisley and his deputy, Martin McGuinness, whom he first met last December when the pair visited the US on a trade mission.

Wombat office
Wombat makes software which supply data to financial institutions

Mr Paisley said: "We were pleased to visit the New York Stock Exchange and meet Duncan on his first day as CEO last year, and I am delighted that he has joined us today as a friend and once again as an investor in Northern Ireland and our people."

Mr McGuinness hailed the announcement as a "clear vote of confidence in our talented people and the potential they offer firms in growth sectors such as ICT".

Mr Niederauer said he had been "impressed with the levels of skills possessed by local software developers and engineers".


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