GL Trade, the financial data and trading systems supplier, posted a 5.7% fall in operating profit in the first half of the year compared with the same period in 2002 because of adverse market conditions and exchange rates.

The firm posted a 2.3% increase in turnover to €62.5m ($68.4m), but said that without the currency effects of the weak dollar, sterling and Asian currencies, turnover would have grown by 8.2%.