The Dublin-based spread betting company Delta Index has invested €3 million upgrading its online trading platform, XDeal.
By Ellie Duncan
An investment of €500,000 has gone toward in-house development of a proprietary trading application.
The remaining €2.5 million will go into project outsourcing through partners in both Dublin and India.
Michael O’Shea, joint managing director of Delta Index, has said that the company expects its core IT and software development teams to double to 20 people in the next 18 months.
A further €1 million per annum has been earmarked for IT investment as it continues to expand into European markets.
“A cornerstone of this expansion is our online trading system, which allows us to rapidly adapt our product offering and add new features in a scalable manner as our European client base grows,” added O’Shea.
Delta Index has said that the XDeal trading platform is on a par with the top two or three global players in the financial spread betting market space.