GL TRADE reinforces its leading position on middle office solutions for derivatives markets in Japan

Paris - 21 January 2008

GL TRADE, the global provider of integrated software solutions to international financial institutions, announces seven financial companies are live with its middle office solution GL CLEARVISION on Tokyo Stock Exchange (TSE). With the introduction of TSE’s give-up functionality on January 15th, GL CLEARVISION for TSE was ready to allow these firms to take advantage of its automated give-up functionality. TSE provides a marketplace for transactions on securities, futures and options.

“Derivatives clearing in Asia is booming; that’s why the TSE launches give-ups” comments Charles-Henry Choël, Deputy Regional CEO GL TRADE Asia. “GL TRADE continues to support this trend. After having implemented systems to realize the middle office operations of our clients on Osaka Securities Exchange and Tokyo Financial Exchange, we were the only ISV to allow its clients to process TSE’s give-ups from the launch’s day.”

“These new GL CLEARVISION customers on the Japanese derivatives market reinforce the global position of GL CLEARVISION as the leading middle-office platform for the Futures & Options industry” adds Laurent Jacquemin, Global Head of Post Trade for Derivatives, GL TRADE.

GL TRADE is a major stakeholder in the field of futures and options, as demonstrated by its revenue, markets coverage, R&D resources and its number of clients worldwide. From the front office, with GL STREAMâ„¢, to the back office, with UBIX, GL TRADE is the only vendor capable of offering the complete range of front to back systems for listed derivatives.

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