GL TRADE, front-to-back office software solutions for international financial institutions, has broadened its business into the Middle East and North Africa region (MENA), which will be based in Tunis.
GL TRADE is headed by Yassine Brahim, former CEO of Ubitrade, a company bought up by the group at the end of 2004.
“Investor interest in this part of the world is growing,” Brahim said. “Now, with a new dedicated business unit, we can help our new and existing customers in the roll-out, maintenance, support and optimization of their solutions.”
GL TRADE MENA will provide technical and sales support to customers throughout the region, and will offer development support for specific products. The GL TRADE office in Tunis has a workforce of 70 employees – a team of 60 research and development engineers.
GL TRADE MENA’s geographical coverage extends from the North African countries to the Middle East, and in particular Dubai where GL TRADE signed a partnership agreement with the DIFX exchange and which opened for trading at the end of September 2005.