Financial software provider First Derivatives has announced the opening of its Singapore office.

The Co Down-based company, which specialises in software and services for banking and financial firms, said the new office would help the company to grow its business in the region.

It said it already had a number of clients in the region and its presence there would act as a complement to its base in Sydney.

Besides its headquarters in Newry, First Derivatives has offices in Belfast and Dublin , as well as London, New York, Toronto and Hong Kong.