The revenue of Gissing Software, a provider of routing and transformation of real-time market and trade data, grew by more than 40% from 2005 to 2006.
With the appointment this month of Paul Watmough as Business Development Manager, the company has also grown its headcount by 22% since the end of 2005.
Watmough joins a growing sales team at Gissing Software in London and will be responsible for managing new business opportunities, particularly in the area of MiFID.
Gissing says the appointment of Watmough will help the company gear up for further growth in 2007.
Watmough joins Gissing Software from Speedwell Associates, a specialist provider of electronic trading applications, where he was responsible for sales and marketing activities. Watmough also spent three years at Barclays Capital where he provided trading floor support, systems and business analysis as well as project managing the migration of all desktop trading software during the bank’s relocation.
“2007 is shaping up to be a year of growth for Gissing Software with issues such as MiFID helping to drive real-time market data contribution up the agenda of many financial institutions,” says Mike Vierya, CEO, Gissing Software.
“Paul Watmough will be responsible for helping us manage some of the new business opportunities we are seeing, and we also look forward to making further appointments over the coming months.”