[Paris/London, November 19, 2008] - GL TRADE, global provider of multi-market and multi-asset solutions for international financial institutions, announces the implementation of a GL NET connectivity hub in Mexico City, its thirtieth deployment worldwide. GL NET, the international low-latency market data and order routing network, will support international investors’ access to the Bolsa Mexicana de Valores (BMV) and the Mercado Mexicano de Derivados (MexDer).

With the implementation of this hub, GL TRADE offers the ability for international investors to send electronic orders cost-effectively to Mexican brokers via GL NET, enabling them to trade on the two Mexican exchanges. Secondly, Mexican financial institutions can access the GL NET community of over 300 brokers, providing DMA execution services to more than 140 markets.

MexDer and BMV have already opened up to international traders via local brokers. Spanish banks, for instance, have shown great interest in these exchanges, and US traders are increasingly looking beyond their national boundaries for investment opportunities. GL TRADE provides direct connectivity in ASP to MexDer, and links to BMV via several order-collecting brokers.

Gerard Varjacques, CEO of GL TRADE Americas, says: “The global reach of GL TRADE will bring immense value to our Latin American clients. Mexico is our first hub in Latin America, which will be followed soon by São Paulo, Brazil, where we have set up a local office to respond to the increasing demand on both equities and derivatives. Our comprehensive suite of products provides local and international connectivity. This allows us to develop a strong business in Latin America based on partnerships with exchanges and local firms.”

Philippe Carré, Global Head of Client Connectivity, adds: “We see increasing interest in emerging markets from our clients globally, especially with the acceleration of the growth of electronic trading worldwide. Client demand for tapping into frontier markets has been driving the expansion of the GL NET reach, with the opening of new GL NET hubs in Istanbul, Warsaw, Tel Aviv, Shanghai and now Mexico over the course of 2008.”

Contacts
Marianne Quentin
GL TRADE Group Marketing & Communication
marianne.quentin@gltrade.com
+ 33 1 53 40 43 98

Charlotte Crivelli
Metia
charlotte.crivelli@metia.com
+1 (917) 320 6452

About Bolsa Mexicana de Valores
BMV is the primary securities market in Mexico. It has developed rapidly over the last five years, from an almost exclusive focus on the domestic equity markets, into a diversified business that lists also debt instruments and provides the underlyings for several MexDer derivatives contracts. BMV is the second largest cash equities market in Latin America based on the volume of shares traded in 2007 (more than 41 million).
www.bmv.com.mx

About Mercado Mexicano de Derivados
MexDer is the Mexican Derivatives Exchange. It began operations in 1998, with the listing of futures, and today lists a wide range of financial futures and options contracts. Since the beginning of this year, more than 54 million contracts have been traded on MexDer.
www.mexder.com.mx

About GL TRADE
GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services. Our mission is to deliver trading solutions that facilitate our clients’ success.
Headquartered in Paris and London, GL TRADE employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084).

[Paris/London, November 18, 2008] - GL TRADE, global provider of multi-asset and multi-market solutions for financial institutions, today announced that Evolution Securities is now live on two European multilateral trading facilities (MTFs), Chi-X and Turquoise using GL RIMS middle and back office solution for all its post trade processing.

Evolution Securities, one of the leading and most active investment banks in the UK, has been using GL RIMS for over a year to support market making, agency business for UK, international equities and fixed income securities. GL TRADE middle and back office solution offers multi-company and multi-currency features that enables Evolution Securities to separate its UK, Asia and US operations as well as to automate them.

Evolution Securities wanted to access the new MTFs, Chi-X and Turquoise in order to provide the best possible execution service to their customer base. Trading on the MTFs meant handling the new clearing services and netting models of European Multilateral Clearing Facility (EMCF) and EuroCCP. GL RIMS allows clearing and settling of trades executed on Chi-X and Turquoise. This enables Evolution Securities to take advantage of liquidity opportunities for itself and its customers whilst controlling post-trade processing costs through netting and high levels of automation.

Tim Valmas, Chief Operating Officer at Evolution Securities said: “GL RIMS enables us to move away from the traditional vertical model for trading, clearing and settlement. We have implemented a solution for Chi-X and Turquoise which will also allow us to implement other trading venues and central counterparties as the need arises.”

Alex Walker, Global Head of GL TRADE’s post-trade for securities business line commented: “Evolution Securities has been an exciting client for GL RIMS as they always strive to be at the forefront of best practise in settlement and risk management. The settlement landscape in Europe is undergoing huge changes. Market participants will need flexible systems capable of handling the multiple venues and central counterparties if they are to control costs and manage operational risk.”

 
Contacts
Marianne Quentin
GL TRADE Group Marketing & Communication
marianne.quentin@gltrade.com
+ 33 1 53 40 43 98

Simona Cotta Ramusino
Metia
simona.cotta-ramusino@metia.com
+44 (0)20 3100 3603

About GL TRADE
GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services. Our mission is to deliver trading solutions that facilitate our clients’ success.
Headquartered in Paris and London, GL TRADE employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084).

PDF

[Paris/London, November 10, 2008] - GL TRADE, a global provider of multi-market and multi-asset solutions for international financial institutions, has successfully implemented with the Australian Stock Exchange (ASX) Derivatives market its back-office solution, GL UBIX, for Morrison Securities. This extension allows the Sydney-based brokerage house to manage all its Australian derivatives operations using one single system.

GL TRADE has enhanced its GL UBIX back-office system to fully cover Australian Derivatives markets. It now offers full processing capabilities for clearing members of the ASX and Sydney Futures Exchange (SFE) including ASX equity options, ASX CFDs and SFE futures and options. This allows GL UBIX customers to utilize one single platform to deal with Australian derivatives and to offer one single consolidated statement to their customers.

Morrison Securities Pty Limited is a broker participant of the ASX and SFE, offering exceptional client service from execution through to efficient back-office processing and value-added services such as web distributed client reporting. Morrison Securities also provides general financial product advice by distributing research reports to wholesale clients.

Ashish Makharia, Director for Morrison Securities, commented: “We had been using a local solution to clear our ASX equity options and felt our business had got to the point where it had outgrown the capabilities of both the system and appropriate level of service and support. The expansion of GL UBIX to ASXD was necessitated because of our requirements for client and internal reporting, single statement for multi-markets, on-line report storage and scalability. Working with GL TRADE, we greatly appreciated the opportunity to deal with a single company for all of our derivatives clearing, with all the commercial benefits that a single company solution offers.”

Franck Peltier, CEO Asia Pacific of GL TRADE, added: “We are extremely pleased that Morrison Securities has chosen GL UBIX back-office management solution to help them in their daily business. GL TRADE is a major industry reference for the entire range of derivative products as demonstrated by its revenue, markets coverage, R&D resources, support centres and number of clients worldwide. GL TRADE is the only service provider, with 45 staff located in Sydney, able to offer a production proven solution processing all Australian listed derivative products and OTC CFD’s.”

Contacts
Marianne Quentin
GL TRADE Group Marketing & Communication
marianne.quentin@gltrade.com
+ 33 1 53 40 43 98

Simona Cotta Ramusino
Metia
simona.cotta-ramusino@metia.com
+44 (0)20 3100 3603

About GL TRADE
GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services. Our mission is to deliver trading solutions that facilitate our clients’ success.
Headquartered in Paris and London, GL TRADE employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084).
 

Also read the Business Case on post-trade management automation of exchange-traded options - BNP Paribas Securities Services ]]> http://www.gltrade.com/en/contact-us/donwloads/feed/ http://www.gltrade.com/en/contact-us/bnp-paribas-securities-services/ http://www.gltrade.com/en/contact-us/bnp-paribas-securities-services/#comments Thu, 06 Nov 2008 13:32:27 +0000 admin http://www.gltrade.com/en/?p=239 To download the Business Case Study please fill the following form.

• - 9.1% growth on a like-to-like basis and at a constant exchange rate
• - Growth driven by Asia and by the Post Trade and Information Services Business Lines

Paris, London – November 5th 2008 - GL TRADE, a global provider of integrated cross-asset, front-to-back, multi-market software solutions for financial institutions, reported today that revenue for the nine months ending September 30, 2008 was €162.8m, an increase of 10.5% over revenue for the nine months ending September 30, 2007. On a like-for-like basis and at a constant exchange rate, growth was 9.1%.

Revenue at 30 September 2008 – By Business Line

Revenue at 30 September 2008 – By Region

Market conditions in the third quarter of 2008 have accelerated consolidation in the Financial Services Industry (Bear Stearns – JP Morgan, Lehman Brothers – Nomura, Lehman Brothers -Barclays Capital, Fortis - BNP Paribas…) as well as hedge funds collapsing, which makes it more challenging to predict the future and brings serious concerns of activity slowdown for 2009.

GL TRADE Front Office solutions (Trading Systems and Client Connectivity), which are up 4.8% on a like-for-like basis and at constant exchange rates, have already been hit in Europe and the Capital Markets Business Line has been affected worldwide, with a revenue drop of 11.5%. This downturn is offset by an exceptional year on the Post-trade area, particularly in Derivatives, where revenues grew by 46.4%, Post Trade for Securities having risen by 15.2%. The Information Services Business line is up 14.1%. MarketMap, a product acquired in 2007, with an outsider positioning in a market dominated by large vendors, is up 14.1%. It is gaining traction as a cost effective data solution in the context of careful management of IT expenditures.

GL TRADE also benefits from its wide geographic footprint. Asia and Brazil have been recording very good second and third quarters this year in terms of sales, and will contribute positively to our 2008 operations. The company nevertheless remains cautious on activity in emerging markets for 2009.

Outlook for the remainder of 2008

For the full year the company stands by its organic growth rate target of around 9% on a like-for-like basis and at constant rates. Contract cancellations due to consolidation and defaults in the industry will mainly hit the 2009 order book.

Contacts
Tatiana LIBER – Investor Relations
Phone : +44 20 7665 6236
Email : comfi@gltrade.com

Marianne Quentin – Press Relations
Phone: +33 1 53 40 43 98
Email: marianne.quentin@gltrade.com

About GL TRADE
GL TRADE delivers trading solutions that ensure our clients’ success. GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services.

Headquartered in Paris and London, GL TRADE employs more than 1,400 people. GL TRADE is listed on Euronext Paris

 [Paris/London, October 27th, 2008] - GL TRADE, global provider of multi-market and multi-asset solutions for international financial institutions, announces that the first clients on its new application service provider (ASP) service to the Australian Securities Exchange (ASX) have now gone live. ASX members and their clients can now leverage the connectivity to this new ASP offering. Connectivity in ASP, a hosted exchange trading service offered by GL TRADE, covers access to the equities, options on equity, CFDs* and commodity futures markets of ASX.

The major benefits of rolling out an ASP service include reduced costs, outsourcing of implementation and reliability of a platform monitored 24/24 by GL TRADE technical experts. In the ASP model, GL TRADE fully manages the technology, allowing the users to focus on their activities without distraction. The ASP platform allows Australian and international investors to trade on ASX.

Created through the merger of the Australian Stock Exchange and the Sydney Futures Exchange the ASX Group operates under the brand Australian Securities Exchange. As a multi-asset class vertically integrated exchange group, the ASX offers a broad array of products and services. ASX operates two trading, clearing and settlement platforms, one for equity and related equity derivative products traded on an integrated trading platform; and one for a suite of interest rate, equity index and commodity futures (and options on futures) products as well as CFDs. Accordingly, the ASX Group offers two distinct levels of participation based on these two trading platforms. 2,233 companies are listed on the ASX.

“The addition of GL TRADE to the vendors distributing ASX Cash Equities is an exciting development,” said Jeremy Johnston, General Manager of International Sales at ASX. “GL TRADE has a long proven track record with ASX in the derivatives space and the merger of ASX Futures and Cash products on the one platform will provide opportunities for traders and increased scope for distribution by ASX Participants.”

Philippe Carré, Global Head of Client Connectivity at GL TRADE, commented: “We are extremely honoured by our clients’ confidence. Our global expertise on fully hosted market connectivity offering help reinforce and expand our presence within Asia Pacific. There is great appetite now for such turnkey solutions to improve competitiveness, because of narrowing margins and ever-more sophisticated users,” adding that, “The strong demand for ASP services overall and especially on market connectivity is also a catalyst for launching new services. Asia Pacific is a region where we are seeing growing changes and our ASP connectivity services should allow us to benefit from changes in the marketplace.”
* CFDs: Contracts for difference

Contacts
Marianne Quentin
GL TRADE Group Marketing & Communication
marianne.quentin@gltrade.com
+ 33 1 53 40 43 98

Simona Cotta Ramusino
Metia
simona.cotta-ramusino@metia.com
+44 (0)20 3100 3603

About GL TRADE
GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services. Our mission is to deliver trading solutions that facilitate our clients’ success.
Headquartered in Paris and London, GL TRADE employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084).