GL Trade reports turnover of EUR185m for 2006

Source: GL Trade

GL Trade, the global provider of integrated, multi-market software solutions for financial institutions, generated turnover of EUR185m in 2006, a 3% increase on the previous year.

A year of growth in 2006

Turnover in the group's historic core business area of Front Office solutions rose by 3% on its 2005 level. This figure included €1.65m from the OBMS product (Nyfix Overseas), acquired in August 2006.

The Fermat business saw the expected drop in turnover by nearly 18%. The other product lines, built on the group's strategy to integrate complex solutions dedicated to financial institutions, enjoyed strong turnover growth in 2006.

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