The financial marketplace of the twenty-first century is a highly sophisticated computerized business, offering professionals and individuals the ability to manage financial risk as well as allowing for speculators to potentially earn significant profits. Using the expanding electronic and Internet market, G-Bar Limited Partnership maintains its excellence and its edge by utilizing its vast resources in computer-based arbitrage activities.

To maintain its edge, G-Bar employs a number of trading strategies, utilizing convertible bonds, futures, options, stocks, and warrants.

Since its inception in 1982, G-Bar has taken advantage of a dynamic industry through its command of technology and breadth of experience. Among the resources distinguishing G-Bar from its peers are:

• State of the art proprietary trading software systems designed for arbitrage, hedging and risk-control applications in both existing and new markets. Our WINPOS position management software is the newest and most cutting-edge product in this category.
• Highly sophisticated mathematical models developed to discover and exploit anomalies in the market pricing of financial instruments (arbitrage).
• Research and development teams dedicated to developing new arbitrage opportunities as well as refining existing market theories.
• Comprehensive, global network of financial industry contacts used in day-to-day market-making and trading activities.
• Trader Training Program created to develop and groom superior traders.

G-Bar is committed to building upon its historic leadership position in derivative products by making markets for a broad range of financial instruments. Strategically, G-Bar will focus on market segments where its people, systems and technology can be effectively utilized. In so doing, the firm will achieve its goals of creating long-term value for employees and business partners, and enhancing its reputation for excellence.

As the financial services industry becomes increasingly sophisticated, so too have the users of risk management tools. The proliferation of options has allowed corporations and other organizations to manage the risks in their ongoing business. Among the risks considered are: currency translation, interest rate fluctuations, investment values, raw material costs and supplies, weather conditions, and countless others.

These unprecedented times of change for American business have raised the consciousness of viable risk control applications when building portfolios with long-term value. In turn, the globalization of the world economy and the computerization of its financial markets have dramatically changed the face of all aspects of trading, including arbitrage and risk management.

Consider these realities:

• The number of shares traded on the automated dealer trading system operated by the National Association of Security Dealers (NASDAQ) has increased from 540 million in 1981 to over 440 billion in 2000.
• Average daily volume for domestic futures and options contracts have increased over 1800 percent, from 106,746 contracts traded in 1973 to over 2 million per day in 1998. More recently, options market volumes doubled over the 1998-2000 period, and, according to the Tower Group are expected to grow at an annual rate of 17% over the next five years.
• Networking among major financial centers around the world now provides for effective 24-hour trading, thus offering new opportunities in arbitrage trading strategies.