GL TRADE Turnover Hits €93.7m For The First Three Quarters - Up 31.2% On 2001 - 25% Full-Year Growth Target Confirmed - New Growth Opportunities In View-Only Screens And STP Solutions

GL TRADE turnover continues to grow despite the current uncertainty in the world's financial markets. Q3 turnover was €32.6m - 28% up on 2001, despite losing 2% to adverse foreign exchange movements.

GL TRADE's strong position and continued growth comes from:

• its business model - the recurrent license - which has protected it from the negative impact of current market conditions currently causing Brokers to be more cautious in their expenditure.
• the continued move by financial institutions away from in-house systems to more cost-effective out-sourced solutions from specialist vendors such as GL TRADE;
• the increasing number of electronic trading platforms being implemented by Exchanges across the world (particularly in Asia); and
• the continuing development of products aimed at reducing the cost and increasing the speed of trading, as well as new product lines such as: GL WINSIGHT view-only workstations, Order Management Systems and STP systems for the whole trading transaction process.

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