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GFT Provides Trading Platform and $10,000 Grand Prize for International University Forex Trading Competition

ADA, Mich., 9 Oct., 2007 — More than 250 students from 13 universities have begun competing in the third annual Texas A&M Inter-University Forex Competition for the chance to win cash and a $10,000 GFT forex trading account.

Students will trade the $3.2 trillion foreign exchange (FX) market with a free $50,000 simulated trading account provided by GFT. Over the past three years, the competition has grown from a six-school competition with less than 30 students to its present size.

This is the third year that competition organisers from Texas A&M’s Mays Business School have chosen to use GFT’s award-winning forex trading software, DealBook® 360, which allows students to place trades with simulated capital and access real-time currency prices, news and analysis tools. The DealBook® 360 software allows students to trade in the same environment as hedge fund mangers and other professional traders who trade currencies to try to profit from fluctuating foreign exchange rates.

The competition allows students to apply what they have learned in the classroom to real market conditions. The winner of the 2006 competition was a graduate student from Fairfield University in Connecticut who grew his simulated account to a 50 percent return rate. He was able to parlay his success in the competition into a currency trading career with a major investment bank.

“There are very few forex trading platforms that can handle the volume and support required in this competition, and we are extremely fortunate to be working with GFT again,” said Dr. Detlef Hallermann, competition organiser and assistant clinical professor of finance and director of the Reliant Energy Securities and Commodities Trading Center, Texas A&M University. “GFT consistently raises the bar on customer service by providing resources for students to learn about its trading platform and the forex market. Students who have never traded are able to apply trading strategies in a short period of time due to the ease of use of DealBook 360.”

Undergraduate and graduate students are competing to have the highest rate of return to win cash and the $10,000 GFT forex account, which they can trade for six months and keep any net profits. The university with the highest average return rate will receive bragging rights and a trophy.

“This competition is a great way for students to get real-world trading experience, and we are glad to be involved for the third consecutive year,” said Gary Tilkin, president and CEO, GFT. “GFT is committed to educating traders to help them succeed, and this competition helps to develop knowledgeable traders by providing education before students embark upon careers in the global financial markets.”

Participating schools include Texas A&M University, Penn State, Villanova University, Oklahoma State University, University of Toronto, University of Alabama at Birmingham, University of Alberta, North Carolina A&T State University, Fairfield University, Siena College, Rollins College, Concordia University and China Europe International Business School.

All students are required to keep a trade journal listing each trade placed, the reason for placing the trade and the result after closing out the trade. After the first round of trading, which takes place Oct. 1–15, students who have placed the minimum number of trades will move on to the second round. At the conclusion of the second round, which occurs during the second half of October, the ten students from each division with the highest rate of return will receive prize money. The student with the highest overall rate of return will receive the grand prize of a $10,000 GFT forex trading account and a portion of the $5,000 cash prize, and the school with the highest average will be recognized with a trophy.

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. GFT serves a global customer base in more than 100 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 Services 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.

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

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