29 November 2012 - Dublin, Minister for Finance, Michael Noonan TD today announced that the Deutsche Börse Group entity Clearstream, a leading provider of post-trade services in the financial services sector, is to establish an operational centre to support investment processing into hedge funds in Dublin with the potential for the creation of, over time, more than 100 new jobs. At this early stage of the venture, 15 new positions have already been created and filled. Clearstream is a subsidiary of the Deutsche Börse AG which is one of the largest exchange organisations in the world. The Irish Stock Exchange is using Deutsche Börses cash market trading technology Xetra.
Todays announcement is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Clearstream in Dublin will focus on providing its Vestima investment fund services offering to the hedge fund industry and in particular connect with buyers and sellers of hedge funds, process trade orders and undertake settlement.