23 October 2017
Find out more

Trading Technologies moves into profit

22 January 2003  |  3570 views  |  0 Trading Technologies moves into profit

Trading Technologies, a Chicago-based technology supplier to the derivatives industry, has announced $24 million in annual revenues for 2002, representing a 76% increase over 2001.

The privately-held firms says that all three of the final months of 2002 were profitable – making the fourth quarter of 2002 the company’s first fully profitable quarter.

Software license sales during the year increased by 79% over 2001.

Chris Derossi, Trading Technologies president and CEO, says: "Perhaps the most significant aspect of these financial figures is that profitability was accomplished while we continued to invest in our business through staff growth and new product releases."

The company released a new version of its X-Trader front-end dealing system for short-term interest rate swaps in December.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
17122 views comments | 21 tweets | 35 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14322 views comments | 22 tweets | 30 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10518 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10129 views comments | 13 tweets | 10 linkedin

Featured job

Find your next job