I want to start a business offering OTC Derivatives in Dublin, any thoughts?

Question

I want to start a business selling out sourcing services for hedge fund and banking that include the full range of back office, middle office and some front office responsibilities including trade confirmation, trade reconciliation, collateral mgmt and some sales representation.

I am thinking of using Dublin as the company;s headquarters for European and American clients. I currently live in the USA, hold dual European and American citizenship.

I am just not sure what the demand is now, given the current environment post sub prime mortgage. Any thoughts. I have been working at a bank in the OTC derivatives area, but have a wide range of experience. My expertise involves the risk management aspect of operations, which is so much for relevant and necessary, given the currently environment we are in.

Also, I wanted to know the current environment in Dublin regarding assisting people starting a new business.

Answer 1

Please go here and view details.

http://en.wikipedia.org/wiki/Derivative_...

Today, the Index of Economic Freedom ranks Ireland the world's third most free country. This liberalization has transformed Ireland into one of the fastest growing, richest, most developed and peaceful countries on earth, having the fifth highest gross domestic product per capita and the eighth highest gross domestic product per capita considering purchasing power parity,[5] and having the fifth highest Human Development Index rank. The country also boasts the highest quality of life in the world, ranking first in the Economist Intelligence Unit’s Quality-of-life index. Ireland was ranked fourth on the Global Peace Index. Ireland also has high rankings for its education system, political freedom and civil rights, press freedom and economic freedom; it was also ranked fourth from the bottom on the Failed States Index, being one of the few "sustainable" states in the world. Ireland has emerged as an attractive destination and foreign immigrants who now make up approximately 10% of the population. Ireland's population is the fastest growing in Europe with an annual growth rate of 2.5%.

Ireland is a member of the EU, the OECD, and the UN. Ireland's policy of neutrality means it is not a member of NATO, although it does contribute to peacekeeping missions sanctioned by the UN.

So, you have a great chance. Best of luck.