19 July 2018
Visit www.gemalto.com

Trading Technologies moves into profit

22 January 2003  |  3650 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)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
11390 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9983 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9615 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9134 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
8659 views comments | 9 tweets | 17 linkedin

Featured job

Find your next job