Swansea expansion set to create UK’s largest trading floor outside of London

OSTC Wales is set to establish the largest trading floor in the UK outside of London in a major expansion supported by the Welsh Government.

The company – which was the first derivatives trading company to set up in Wales – will create 132 new jobs, the majority being graduates from Glamorgan and Cardiff University Trading Floor Schools, along with students from Swansea University. At the end of their recruitment drive, OSTC’s office in Swansea will be their largest.

The project is being supported with financial assistance from the Welsh Government which helped secure the project for Wales against other locations that were under consideration. This expansion follows on the heels of another project announced earlier this year and supported by the Wales Economic Growth Fund that will see OSTC create 19 jobs as a new team is set up to specialise in power trading markets.