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FTSE Mondo Visione Exchanges Index:

GLTRADE, First ISV To Pass The IPE v11.000 Conformance

Date 24/08/2004

GL TRADE is proud to announce it successfully passed the International Petroleum Exchange (IPE) conformance on the IPE new API 11.000 platform. IPE is Europe’s leading energy futures and options exchange, listing contracts such as Brent Crude or Gas Oil. GL TRADE products are compatible with all the IPE’s new functionalities for all instruments and types of order.

As a certified ISV on IPE version 11.000, traders can now access the Exchange and trade products using GL STREAM, Front to Back Solution, which enables efficient electronic trading from the buy side to the sell side, and offers real time market data information.

“GL TRADE is an important partner as part of our ISV programme” said Jackie Bullimore, Head of Oil Markets. "With commodities, and oil in particular, attracting ever wider attention from the trading community, this conformance will ensure that GL TRADE customers have access to the IPE's key benchmark oil futures contracts".

‘We at GL TRADE strongly believe that commodities markets represent a major expansion in trading opportunities for our clients and thus, we were one of the first ISV’s to connect to IPE in 2003 said Philippe Carré, Global Client Services Director for GL TRADE. ‘We look forward to providing our customers with the best possible service so that they can benefit from increased trading capabilities’.

GL TRADE provides the most extensive access to derivatives exchanges worldwide. Traders can trade on over 42 electronic derivatives trading platforms including 6 commodities markets.