7445_04-17_NEWS&ANALYSIS 15/9/08 18:04 Page 13
NEWS & ANALYSIS ■
Delta Index bets on IT expansion
DUBLIN-based spread-betting house carried out online, this investment
Delta Index has pumped ¤3m into an allows Delta Index to provide clients
upgrade of its online trading platform with a more dynamic and robust trad-
and plans to double its IT development ing experience as they trade the
team to 20 over the next 18 months, world’s financial markets,” said O’Shea.
writes John Kennedy. “Over the next three years, we have
The firm, headed by former AIB earmarked a further ¤1m per annum
treasury boss Michael O’Shea, said the for IT investment, as we continue to
upgrade includes an investment of build our development capacity in
¤500,000 towards in-house develop- Dublin.
ment of a proprietary trading plat- “We expect our core IT and software
form. The remaining ¤2.5m will go into development teams to double to 20
project outsourcing with partners in people over the next 18 months in line
Ireland and India. with our expansion into European
O’Shea revealed that a further ¤1m
Michael O’Shea, Delta Index
markets and the rollout of additional
per annum over the next three years financial products,” O’Shea explained.
will be invested in the company’s IT This, it says, will allow Delta Index “A cornerstone of this expansion is
platform in Dublin. According to the to stand apart from its European com- our online trading system, which
company, its XDeal trading platform is petitors who license their services as allows us to rapidly adapt our product
on a par with the top two or three ‘white label’ applications from third- offering and add new features in a
global players in the lucrative financial party suppliers. scalable manner as our European
spread-betting market space. “With over 95pc of Irish trading client base grows.”
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