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GL TRADE offers Service Bureau connectivity to the Irish Stock Exchange

Paris, May 16th 2006

GL TRADE, the global provider of front to back office solutions for international financial institutions, announces access to the Irish Stock Exchange (ISE) via its ASP Service Bureau offering. The ISE offers electronic trading in Irish equities, bonds and the benchmark ISEQ®20 ETF. The Stock Exchange uses the XETRA trading platform for its cash equities and ETF trading.

Brokers now have a cost-effective opportunity to trade directly on the Irish Stock Exchange using the Internet or via GL NET, the dedicated order routing network owned and operated by GL TRADE. GL TRADE hosts and maintains all Exchange trading and market data feed hardware and software, offering brokers rapid deployment and significantly reducing their financial and technical overheads.

“GL TRADE is delighted to add the Irish Stock Exchange to its existing pan-European ASP market access coverage,” comments Philippe Carré, Head of Global Client Services . “This new development was driven by requests from our international clients to establish market connectivity quickly and in a cost-effective manner, as well as testimony to our expanding Irish presence. We expect our first clients to go live on this new service over the next few months.”

"The ISE welcomes the enhanced access to the Irish equities market which this new offering by GL Trade provides. The performance of the Irish Stock Exchange's ISEQ indices have been among the strongest internationally and trading volumes in the first quarter also reached a record high of €33.4 billion a 24% increase on the same period in 2005. Participation in the market continues to grow: seven new member firms joined the ISE in 2005 and two further participants have recently been admitted to membership" commented the ISE’s Director of Trading, Brian Healy.