The product offering

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Post-Trade Securities: A cross-border UK-USA platform

The dedicated equity and bond market Back Office product line bolstered the position of its flagship RIMS product by the addition of solutions from the 2005 acquisition of Oasis. We are planning the introduction of an ASP platform to help drive growth in the USA. This distribution model has seen significant success in the form of a major contract in Germany.

GL TRADE’s solution enjoys a very strong reputation, provides very high levels of security and very low failure rates. In 2006 we focused on building on this reputation and developing business opportunities in both the USA and Continental Europe.

Front to Back solutions for Capital Markets

GL TRADE’s acquisition of FNX in March 2007 has strengthened its Front to Back offering for banks and major companies. The SIERRA, CAYMAN and ASPEN HEDGE products have enhanced TRADIX, our cash and fixed-income management solution which is distributed mainly in France for OTC markets. The FNX offering covers transactions in areas such as forex, currency options, treasuries, bonds etc. It is supplied to a very large client base in the USA, Japan, South East Asia and UK.

Distribution of Fermat products: cancellation of the distribution agreement

GL TRADE had been the exclusive distributor in Germany of Fermat banking risk and Bâle II ratio management software since our acquisition of Ubitrade late in 2004. This agreement expired at the end of 2006, following two years of rapid growth in sales. As GL TRADE decided that it should focus its efforts on the development and integration of its own products, whether developed in-house or acquired, the two parties agreed not to renew this arrangement. Fermat also acquired the German subsidiary that was responsible for this activity.

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