Textrade.com (formerly Global Textile Network), the Internet-based business-to-business textile trading and information marketplace, has launched a new website that features a textile trading center powered by the world's most advanced online managed negotiation trading engine.

The trading center will enable Textrade's 5,300 members around the world to source and sell a wide range of fiber, yarn and unfinished fabric in a secure online transaction environment. The new service also will provide members with access to logistics services, financing services and comprehensive information, including global and regional textile news, unique statistical data and analysis from textile industry sources around the world.

The trading center currently is being beta tested by a number of companies in the United States, Asia, Europe and Mexico. The new technology and infrastructure was developed by Textrade and Computer Sciences Corporation (CSC), a leading developer of business-to-business online marketplaces.

"These new and enhanced online services give the worldwide textile industry what it is now ready for: a full-service Internet trading and information resource that enables members to expand their business, improve productivity and increase their information access with unprecedented convenience," said Textrade CEO Robert Cox, Jr.

About Textrade.com
Textrade.com is the world's first and largest online trading and information resource for the $500bn global textile commodities industry. The Textrade site provides a secure online environment for sourcing, selling, logistics and financial services for buyers and sellers of commodity fiber, yarn and unfinished fabric around the world.

Launched in 1996 as Global Textile Network (GTN), the company was founded by chairman Jeff Silver and CEO Rob Cox, Jr, two New York-based international textile brokers with more than 40 years of combined industry experience. Textrade has an international network of offices and agents in twelve countries that provide a local customer service presence to the international member base. As part of the upcoming expansion and re-launch, the service and the company were recently renamed as Textrade.com.

The GTN/Textrade.com online textile community has grown to include more than 5,300 textile and related companies in more than 50 countries. GTN members include representatives from such companies and organizations as Alice Mills, Burlington Mills, ChinaTex, CMI, East Asia Textiles, Noble Mills, Springs Industries and Taiwan Textile Federation.