Monday, 22 June 2015

Investni help Market Made achieve success

Markets Made, based in Belfast, is being assisted by Invest Northern Ireland to develop and market innovative technology for trading in global financial markets.

The technology provides rapid access to essential market data that enables investors, especially home-based traders, to make informed judgements about future market direction in areas such as currencies and commodities.

Markets Made received support from Invest NI’s Propel Programme for business start-ups, R&D assistance, which is part funded by the European Regional Development Fund, and assistance towards marketing.

Moira Loughran, Invest NI’s Eastern Regional Manager, said: “Markets Made has devised a web based service to enable investors and others interested in financial markets to understand how the markets operate and to keep abreast of trends that could help shape trading decisions.

“This technology has significant export potential, and we’ve geared our assistance to help this small business to perfect their website and market it to investors around the world.

“This is yet another example of the success of the Propel programme which has helped Markets Made to widen its knowledge base and develop a network of contacts with other local enterprises,” she added.

CEO of Markets Made, Raymond Gilmour said: “The technology is based on my extensive knowledge of the financial markets, gained from over 15 years’ experience as both a private and professional trader in London. Although I graduated in construction management at the University of Ulster, the interest in trading led me to apply and secure a post with a trading firm in London for three years.

“It was during this period that I identified a market opportunity for a web-based portal that enabled small investors in particular to get to grips with the complexities of the markets and make better informed trading decisions.

“The system does not advise investors to buy or sell individual markets, but instead provides information on the buying and selling activities of banks, hedge funds and global companies and how their activity is likely to affect the future direction of each market.

“We present this information graphically in a way that is very easy to comprehend and can be used by traders to plot trends in the market across around 50 categories including agri-food commodities such as grains, soybeans, coffee and sugar, as well as currencies, oil and gas and precious metals.

“Invest NI’s assistance in developing the web portal and in bringing it to market quickly has been immensely important. The contacts made during the Propel programme also helped me gain a better understanding of business here and assisted me to tap into the knowledge and expertise of other smaller businesses and start-up companies in areas such as design, sales and marketing,” he added.