Philippe Rapp has been appointed Chief Executive Officer of GL multimedi@, GL TRADE’s data display and Internet solutions subsidiary, based in Paris. His responsibility is to roll out an aggressive retail strategy for the company’s consumer products, especially in the international markets. Rapp, who is 38 years old and a graduate of the Ecole Centrale de Paris, was Deputy Director of Research and Analysis for trading at MATIF SA before joining GL TRADE in 1998 as Executive Vice President of the Products Division.
Vincent Burzynski takes over from Rapp as head of the Products Division. His responsibility is to drive the continued innovation of GL TRADE’s products while preserving the company’s ability to respond rapidly to new market needs. He is also in charge of planning and implementing Strategic Projects. Burzynski, who is 36 years old and a graduate of the Ecole Suprieure de Commerce de Marseille and the Institut des Techniques de March, was previously Information Systems Director at Crdit Lyonnais Rouse Paris, and Vice-President in charge of middle office operations at Bankers Trust. For four years, he was Chief Executive of FL Software (world leader in clearing software for the derivatives markets with ClearVision), which was acquired by GL TRADE in 1999. In 2001, he was appointed Director of Strategic Projects for GL TRADE, a department which now reports to the Products Division.
Established in 1987, GL TRADE is a provider of real-time financial data feed, trading and clearing solutions. Headquartered in Paris, GL TRADE has offices in 18 countries and employs over 800 people worldwide. It has over 3,500 clients, including 500 international financial institutions. Its principal activities are the sale and support of electronic routing systems and electronic exchange interfaces for both financial equity and derivative markets. GL TRADE operates via its proprietary trading network, GL NET, on more than 55 electronic markets around the world.
Since its creation, GL TRADE has experienced strong annual growth in revenue and profits. In 2001, GL TRADE group turnover was EUR102 M, a 45.6% increase over 2000. First half 2002, turnover was EUR61.1 M, an increase of 33%. GL TRADE is listed on the “Nouveau March” and joined the NextEconomy segment in 2002.