GFT Ranked as One of the Fastest Growing Companies in North America in Deloitte’s 2007 Technology Fast 500
October 25, 2007 (PRLEAP.COM) Business NewsGlobal Forex Trading (GFT), a worldwide leader in online currency trading, announced today that it has been listed on Deloitte’s 2007 Technology Fast 500 for the third consecutive year.
GFT is listed as number 305 on the ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on five-year revenue growth percentages, from 2002 to 2006, during which time GFT grew 506 percent. GFT previously ranked 16th on Deloitte’s 2005 Technology Fast 500, and 238th in 2006.
By diversifying its products, adding new emerging markets and developing new software, GFT has continued to grow while many other companies in the state have stagnated. Only 8 percent of companies on the 2007 Technology Fast 500 are based in the Midwest, and GFT is one of only four Michigan-based companies. GFT had the highest 2006 revenue of all Michigan-based companies on the list, and the highest revenue of all listed companies within the forex industry.
Gary Tilkin, CEO and president, GFT, credits the company’s growth rate to the success of its user-friendly, customizable trading software. With its free DealBook® trading platform available in desktop, web-based and mobile versions, traders can access a wide range of tools for trading the world’s largest financial markets, from anywhere.
“Since we began in 1997, we’ve focused on anticipating our customers’ needs, providing them with the preferred tools and services to trade currencies,” said Tilkin. “We’ve introduced products that allow customers to do everything from trading from their cell phone to developing their own market analysis tools to viewing forecasted market trends a day in advance.”
The list is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate GFT on this significant accomplishment."
Fast 500 companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Base-year operating revenues must be at least $50,000 USD and current-year operating revenues must be at least $5 million USD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
“We have many exciting developments planned for the next few years, including offering futures trading later this year,” said Tilkin. “As an industry leader, we will continue to give traders the finest services for trading the world’s financial markets.”
Founded in 1997, Global Forex Trading (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 120 countries through its DealBook® 360, DealBook® WEB and DealBook® Mobile trading software and 24–hour dealing desk operation. The company’s world headquarters is based in Ada, Mich., with global offices located in Chicago, New York, Tokyo, Sydney, Australia and London (London office operated through GFT Global Markets UK Ltd.).
GFT adheres to strict regulatory guidelines and principles of integrity, and is a member of the National Futures Association (NFA) and is regulated by the Community Futures Trading Commission (CFTC) in the United States. Globally, GFT is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Financial Supervisory Agency (FSA) in Japan, and the Financial Services Authority (FSA) in the U.K. More information about GFT can be found at www.gftforex.com/?aid=412.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas — audit, tax, consulting, and financial advisory services — and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.