GL TRADE, the provider of integrated cross-asset, front-toback, multi-market software applications for financial institutions, has posted a turnover of 53.4 million for the first quarter of 2008, up 19.4% on the first quarter in 2007.
On a like-to-like basis and at constant FX rates and scope, the turnover has grown 10% on the same period in 2007.
GL TRADEs flagship businesses of Trading and Client Connectivity have posted revenues up almost 7% at constant exchange rates for the first quarter 2008. Growth has been driven by Asia, especially South-East Asia where an important contract is being rolled out with all the members of the Singapore Stock Exchange (SGX). Business is also picking up in Japan, and Hong Kong remains on a growth trend.
The Post Trade Derivatives Business Line has reported a turnover growth of more than 40%. The activity is developing in all regions, with significant licence renewals in Europe, the rollout of an important project in the USA and new sales in Asia where the business is growing fast. The Post Trade Securities Business Line has recorded a 14% growth at constant exchange rates in the first quarter. Capital Markets Solutions, the Business Line dedicated to OTC instruments and treasuryapplications, is working on the technical integration of the different components of its offering and has reported revenues of 3.3 million in the first quarter.
Information Services, a business acquired in July 2007, continues to develop in Switzerland and in the UK and has reported revenues of 3.8 million. Decision Software, a US company acquired last November and focused on Fixed Income has reported revenues of 1.1 million.