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GFT Purchases the Trading Accounts of an Undercapitalized Forex Broker:


Customers Can Now Trade and Access Their Funds (starting August 6, 2008)

Ada, Mich., August 4, 2008 – GFT, a world-leading provider of online currency trading services in the $4 trillion-a-day foreign-exchange market, announced today that it has purchased customer accounts (except for those based in Asia) from former forex broker Forex Liquidity LLC (FXLQ).

GFT will provide former FXLQ customers with the ability to recover 100 percent of their account balances as well as continued trading services as a GFT customer. The transfer was approved by United States District Court, Central District of California, and the customer accounts are scheduled to be transferred on August 6, 2008.

“We feel that this is a true win-win situation for both the customers and GFT,” said Gary L. Tilkin, president and CEO, GFT.

“Not only can these traders now access their accounts and begin to trade, it gives us an opportunity to show how we differentiate ourselves with our tools and services that we provide.”

GFT is a financially stable futures commission merchant (FCM) registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). GFT has maintained net capital requirements of $65 million*, well beyond minimum requirements set forth by regulators in June 2008.

Due to GFT's year over year growth, it has been ranked as one of the fast-growing technology companies by Deloitte's Technology Fast 500 three years in a row (2007, 2006 and 2005). According to the Deloitte rankings, in 2007 GFT had the highest revenue of all listed companies within the forex industry.

GFT adheres to strict regulatory guidelines and principles of integrity. In the United States, GFT is a member of the National Futures Association (NFA) and is regulated by the Community Futures Trading Commission (CFTC). 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.
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