GFT Maintains Strength and Stability, Despite Volatile Financial Markets

Trying to find a strong, stable company in today’s financial landscape may seem nearly impossible. Last week’s takeover of Fannie Mae and Freddie Mac, combined with the collapse of Lehman Brothers over the weekend and yesterday’s government bailout of AIG, have left many investors wondering about the security of their financial investments.

ADA, MICH., Sept. 18, 2008 — Trying to find a strong, stable company in today’s financial landscape may seem nearly impossible. Last week’s takeover of Fannie Mae and Freddie Mac, combined with the collapse of Lehman Brothers over the weekend and yesterday’s government bailout of AIG, have left many investors wondering about the security of their financial investments.

 

However, despite the recent volatility, GFT – worldwide leaders in online trading – remains stable, strong and consistent, offering its customers the peace of mind of trading currencies with a company they can trust.

 

In fact, consistency is one of the company’s greatest strengths, both in terms of stability and service to its customers. With the markets reeling from disappointing global news and economic reports day after day, GFT has maintained low, consistent spreads — some as low as 1 pip.

 

President and CEO Gary L. Tilkin believes that the company’s financial independence has allowed it to navigate these difficult times.

“As a privately held company, we don’t rely on the health or wealth of outside investors or the influences of third-party companies to maintain our financial stability,” he said. “That leaves us free to make decisions based on what’s best for our customers and our company.” Most importantly, he noted, is GFT’s commitment to the highest standards of ethics, integrity and service to its customers. “We’re licensed and regularly audited on four continents to ensure our practices and financial commitments meet or exceed the standards set forth by the industry,” he said. “We are virtually debt-free, and our financial strength puts us in a position to serve the trading needs of our customers today and for many years to come.”
 

 

About GFT
 

Founded in 1997, GFT is a world-leading provider of real-time currency dealing, pricing and comprehensive services for retail and institutional foreign exchange traders. GFT has served a global customer base in more than 130 countries through its DealBook® 360, DealBook® WEB and DealBook® Mobile trading software and 24-hour, 5.5-day-per-week dealing desk operation. The company’s world headquarters is based in Ada, Mich., with global offices located in New York, Chicago, London, Dubai, Tokyo, Singapore and Sydney (London office operated through GFT Global Markets UK Ltd.).
 

GFT