GNI pioneer new touch® platform with Future Dynamics Limited

London/1st August 2002: Future Dynamics (FD), the leading supplier of electronic straight through processing products for the listed derivatives industry, today announced that GNI are to use its crossfire futures software in a new integrated touch® platform for trading equities, contracts for difference (CFDs) and futures from a single screen. The new service will launch towards the end of third quarter this year and with FX being added in Q4.

The touch® futures platform is powered by the Internet version of FD’s crossfire electronic trading application, which is also available as a desktop. This is the first phase of a multiple phase project that forges a powerful alliance between GNI and FD, blending GNI’s 25 years of derivatives knowledge and FD’s 10 years experience of delivering bespoke web systems to the finance sector.

Philip Adler, Director of CFDs at GNI, said "We developed our own Electronic platform for CFDs (touch®); this took us to number one in the CFD business. But we constantly strive to extend our service and keep ahead of our many business imitators. By adding futures to the same system gives our clients the unique opportunity to trade their CFD position against futures all within the same screen."

Stephen Harragan, Director of GNI, said "We chose to combine the technical excellence of FD’s crossfire software with our touch® CFD platform to give us the best single application for trading both equities and derivatives. This unparalleled platform will provide charts and news as well as the ability to trade equities and derivatives from the same screen. This selection is strategic to GNI, in order for us to develop our lead as a global broker, we need to be able to give our clients access to multiple markets and product sets using the very best technology available."

Gerald Brown, Managing Director of Future Dynamics, said "We are delighted GNI have chosen to work with us. It is very satisfying to work in partnership with an international company who so wholeheartedly embrace technology as a means of achieving their business objectives."

GNI, a wholly owned subsidiary of Old Mutual Financial Services (UK) plc, is one of the world's foremost financial services companies, with an international reputation for setting the highest standards of broking across a wide range of products. GNI were the first broker to offer its clients the ability to execute on line, with many imitators of this hugely successful business model being proof of their ability to lead the derivatives sector with innovations and excellence of service to their global clients.

Future Dynamics is an international company focused on the provision of innovative software products to the derivatives industry. Its products reflect the huge changes that the industry is experiencing as new technology replaces traditional business process. FD's approach is focused on technology that challenges market assumptions and provides flexible, robust systems that leverage the new business models of its customers. To achieve this, FD completes the cycle between client, front office, exchange and back office with its integrated order routing, matching and allocation and real time risk technology.

All of FD's products are built with proven components that can be rebranded and deployed on desktop, web or PDA devices. FD underpins this with an extensive support and systems integration capability so that the return on investment is always maximized.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development