GL TRADE to display its expanded Capital Markets offering at FOREX Turin including STP and Real-Time FX Margin components

GL TRADE, the global provider of integrated front-to-back office solutions for international financial institutions, will take the opportunity of the Forex Turin (February 2 to February 4, 2007) at Lingotto Congress Center (booth 3) to display its smart STP suite for OTC derivatives, Tradix.

In a context where 35% of brokers & 85% of asset managers rank STP efforts for derivatives as their number one priority (CELENT, Oct. 2006), TRADIX is taking a leading position in the STP challenge for OTC derivatives thanks to new improvements. TRADIX instrument coverage has been considerably expanded to allow the processing of the most customized and sophisticated OTC derivatives. TRADIX is now positioned as a state- ofthe- art OTC platform, capable of ensuring 100% STP from the front to the back office. With TRADIX, the creativity of OTC traders is released of usual system constraints while back office departments no longer suffer from STP breaks and the usual processing issues they generate.

Besides, thanks to the acquisition of FNX technology in the Capital Markets space, GL TRADE will offer real-time margin trading and management of proprietary positions in FX and FX OTC Options as well as ASP deployment capability for immediate and reliable access.

Natalie Samson Thévenon, Continental Europe Managing Director for Capital Market Solutions Business Line, comments: “Trading on OTC products is fast growing and clients require a global solution to handle the entire life cycle of a trade. GL TRADE is using the opportunity of the Forex event to introduce its latest product innovations in capital markets.” Eric Bassot,  Managing Director GLESIA, adds: “Our new offering suits all financial companies, whether buy side or prime brokers and our Italian clients are showing great interest in testing our new functionalities very quickly.”

All information regarding this event available at www.conassfin.it and www.gltrade.com