GL Trade squeezed in Europe, responds to TT patent suit

French ISV GL Trade reported a good first half to 2005 with a turnover of E87.1m, representing a 19.5% increase year on year. The firm attributed the strong performance to rapid growth in Asia and the E15.5m turnover contribution from Ubitrade's market software business, which GL acquired last year (see FO Week Vol 9 No 48).

Markets in Asia accounted...