Group organisation

PART.01 | PART.02 |

A broader mission, an optimised structure

The expansion of the group and the acquisitions policy pursued over the past few years has enabled GL TRADE to integrate a number of complementary products with its historical core business line of trading solutions. GL TRADE now offers financial institutions a range of comprehensive, fully-integrated solutions spanning front to back office and covering a range of financial securities (equities, derivatives, bonds, OTC securities, etc.) for both the buy side and the sell side.

Our structure must not only reflect these changes in the group but must also adapt to meet the needs of our clients and the changes taking place in the market. In order to meet our clients’ needs ever more efficiently, whilst building on the expansion of our product range, we made adjustments to our structure in 2006 to improve the operational management of our business.

Group Managing Board in Paris and London

GL TRADE generates more than 80% of its turnover outside France, and the City of London remains at the heart of the European financial community, housing the head offices of many financial institutions. Aware of the importance of strengthening our position in the UK, in September 2006 we decided to split our Group Managing Board between Paris and London.

Business lines to capitalise on synergy between products

Our Business Lines are designed to optimise synergies between products, by acting to support the regional Business Units. Each dedicated Business Line marshals all resources (R&D, product marketing, major account management) necessary for the implementation of new offerings in local markets.

GL TRADE has 5 Business Lines, directed by two members of the Group Managing Board.

• Trading Solutions: this product line is GL TRADE’s historical core business. It covers trading and order management solutions.
• Front to Back Solutions: this set of business lines develops solutions to complement the Trading product range. It includes:
  • Client Connectivity: all operations relating to the GL NET network, to the development of the connectivity offering in ASP and to the distribution of Front Office products for Buy Side clients.
  • Post Trade Derivatives (PTD): the group of GL CLEARVISION and UBIX products that form a fully-integrated Middle to Back office solution for listed derivatives.
  • Post Trade Securities (PTS): provision of equity and bond settlement and clearance solutions.
  • Capital Market Solutions: distribution of tools for Front to Back office management of over the counter (OTC) instruments.
  • Fermat: this 6^th product line was dedicated to the distribution of a software product from Fermat, specialising in the calculation of Basel II ratios. The agreement was terminated in early 2007.

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