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GFT Solidifies Growth in Asia

Adds FX Sales Office in Tokyo, Signs Exclusive Partnership with Hong Kong Securities Firm

ADA, Mich., Jan. 24, 2005 - GFT announced it has opened a field office in Tokyo to further expand its currency trading sales and service operations in Japan, according to GFT Chairman Gary L. Tilkin.

“We have witnessed a considerable amount of companies in Asia seeking to get into forex trading—either through white–labeling our DealBook® FX software or adding forex as an additional financial derivative for their client–base,” said Tilkin.

GFT’s Japan office comprises institutional and retail sales personnel who focus on handling GFT’s existing referring party relationships as well as responding to inquiries from prospective institutional partners.

Referring parties encompass a range of relationships to assist GFT in expanding/delivering its fx operations—from small companies that introduce traders to GFT to larger securities or futures firms that want to add forex as an additional financial instrument for their client–base.

Currently, GFT has partnerships with some of Japan’s largest financial firms, including Orix Securities and HS Securities.

Overseeing the day–to–day sales operations and staff at GFT’s Tokyo office is Toshihiko Iida. Formerly, Iida served, as a chief forex dealer for the Bank of Tokyo and has also worked for several other major banks, such as BHF Bank and Swiss Bank Corporation.

“Clearly, Mr. Iida delivers a wealth of forex experience to GFT and is perfect to lead our growth in Japan,” said Ashraf Ebid, Executive Vice President, Sales and New Business Development, GFT.

To further widen GFT’s reach in Asia, a new white–label agreement was also recently formalized with A.R. Evans, a leading investment and private equities firm in Hong Kong.

A.R. Evans will market retail and institutional fx services throughout Hong Kong and China. A.R. Evans and its associates have relationships with more than 265 banks worldwide. The new company will be operating under the brand name A.R. Evans GFT.

About GFT

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. Serving a global customer base in more than 100 countries through its DealBook® 360 trading software and 24–hour dealing desk operation, GFT'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.).

Global Forex Trading, Division of Global Futures and Forex, Ltd., is a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC), a registered broker–dealer with the U.S. Securities Exchange Commission, holds a license with Japan's Financial Services Agency (FSA) and holds a license with the Australian Securities & Investments Commission (ASIC). GFT Global Markets is authorized and regulated by the Financial Services Authority. More information about GFT can be found at www.gftforex.com.

CONTACT:
Tim Gort
Manager of Marketing & Communications
Global Forex Trading
(616)942-3757 (tgort@gftforex.com)

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