Edmund Hor was 15 when he arrived in Britain from Hong Kong in 1982. Eleven years later he bought the name Trayport for £100 and began seeking IT contract work.
Hor had worked as a commodities and foreign-exchange trader while at university, so it was no surprise that his company’s first client was an energy broker. This association led to the development of software, called Global Vision, designed for online trading of energy and commodities such as coal, gas and metals.
The software is now in its eighth version and has been expanded to cater for currency and credit derivatives. The London company claims that 2,700 trading screens worldwide run its software.
Trayport’s sales have grown 286% a year from £207,000 in 2000 to £3.1m in 2002, when the company reported a profit.
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