Singapore, 9 Sept, 2009 – GFT, one of the world's top online currency dealers and derivative market-makers (CFDs), announced today that for the third consecutive year, the company was named to the Inc. 5,000 list of fastest-growing companies in America.
The Inc. 5,000 award is based on revenue growth from 2005 to 2008, in which GFT grew 173.4 percent during that period, and posted $164.7 million in 2008 revenue. GFT was positioned 1,837th on the list and ranked 76th on the top 100 list of financial services companies in the US.
"Any time you receive an endorsement from an influential magazine such as Inc., it's an honor," said Desmond Yeo, CEO, GFT Global Markets Asia Pte Ltd, the parent company's wholly own subsidiary.
Companies such as Oracle, Intuit, GoDaddy, Zappos and hundreds of other impressive businesses gained early exposure in these rankings. Just three years ago, GFT ranked 16th on the Inc. 500 list (two spots behind Google prior to its IPO), and is now considered the premier company serving traders of financial derivatives.
"Our substantial growth is a testament to the dedication of our employees who are responsible for delivering courteous, responsive and honest information to our customers," said Jody Loy, head of Client Liaison, Asia.
"We are constantly raising the bar for service-levels in the online trading industry," said Loy.
The Inc. 5,000 list is the most comprehensive look at the most important segment of the economy–America's independent-minded entrepreneurs. The companies on this year's list are also responsible for creating more than 55,000 jobs since their founding–making the Inc. perhaps the best example of the impact that private, fast-growing companies can have on the overall U.S. economy.
To qualify for the Inc. list, companies must be U.S.-based and privately held – not subsidiaries or divisions of other companies – as of December 31, 2008, and have had at least $200,000 in revenue in 2005 and $2 million in 2008.
For the past six years, GFT has won major awards around the world for its products and services, including its DealBook® suite of trading platforms and year-over-year growth.
About GFT
GFT spurred the modernisation of online currency trading in the late 1990s in the U.S. when it developed a trading platform called DealBook®, which reinvented the way speculators could trade off-exchange forex. Today, GFT is one of the leaders in offering online foreign exchange (fx or forex) trading as well as contracts for differences (CFDs, outside of the U.S.), serving traders in more than 120 countries.
GFT's customers and partners leverage the company's trading technologies and service using GFT's award-winning trading platform, web-based trading applications and mobile trading solutions. GFT is also spearheading a revolution in market education with its online currency portal FX360.com, a world-renowned currency research team and continued advancement of market-trading technology for financial derivatives.
GFT is a privately held company that is regulated on four continents. Its world headquarters is based in Ada, Mich., with additional U.S. offices located in Chicago and New York, and global offices in London, Tokyo, Sydney, Singapore and Dubai.
