London, 11 November 2003 - Software house Trayport has been honoured as the leader of the Deloitte & Touche Technology Fast 50 in London and South East, underlying its position as the UK's fastest growing and most profitable technology company in this region.
The company was also awarded a Certificate for Outstanding Achievement to mark its place amongst the region's high performers, as the company has been on of the Fast 50 finalist for five consecutive years.
Trayport's CEO, Edmund Hor, attributes the company's 1,391 per cent revenue growth to Global Vision, an acclaimed trading and transaction platform. He said, "We are excited at the prospect of entering new markets over the next twelve months and believe that by working to create the world's most functionally-rich and flexible trading platforms, our customers will be able to develop electronic markets faster and more profitably than their competitors. At the same time it confirms our firm belief in a single, generic trading platform across different desks."
William Touche, Chairman of the Technology Fast 50 Programme, said, "The Fast 50 programme has always been a reliable indicator of whether British innovation is leading to more growth and wealth creation. Trayport has demonstrated how to survive and thrive in today's market by helping both dealers and brokers increase their efficiency and profitability."
Global Vision is built to meet the needs of companies trading or looking to trade electronically in fast-moving markets, evolving markets or any number of markets simultaneously. The platform's high performance and low cost of ownership is a powerful alternative to traditional, single-market solutions, and there are now over 3,500 trading screens around the world using Global Vision.
The solution is the de facto standard for commodities and energy trading in EMEA. Customers, include ICAP, APB, GFI, TFS, Prebon, Spectron, globalCOAL, and LINK, many of which are currently rolling out the multi-asset version of the software. Trayport is also in the process of implementing solutions within several of the largest European energy traders and exchanges. The company is now moving into wider financial markets such as interest rate swaps, freight and credit derivatives.
Deloitte created the Technology Fast 50 programme six years ago to champion innovation and business performance in the technology sector. The Fast 50 tracks the growth rates of technology companies in the East, Midlands, South West & Wales, Scotland, the North and Ireland, culminating in a national ranking in London on 8 December. All companies considered for the London-South East award were headquartered in the London - South East region, and either technology-intensive, using unique technology in problem solving, or devoting a high percentage of effort to research and development.