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GL Trade Reports Turnover of €53.4m in First Quarter Of 2008, up 19.4% on the Same Period in 2007

At 09 May 2008 14:44:15 in ET-News in Brief, Electronic Trading    Print Article  Email Article   Full content requires subscription 

Turnover at GL Trade has grown by 19.4 per cent in Q1 08 compared to the same period last year, topping €53.4m. On a like-to-like basis and at constant FX rates that’s a boost in turnover of 10 per cent. The subprime crisis has so far had limited impact on turnover, says the company, which is partially protected by a business model based on recurring revenues. Instead, growth is being driven by Asia – with South-East Asia playing a particularly strong role, says GL Trade, with an important contract 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.

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