9. CORPORATE SOCIAL RESPONSIBILITY 9.3. STAFF GOVERNANCE 9.3.5. Number of staff On 31st December 2003, Euronext employed 1,778 people (measured by full time equivalents [FTE]). The Group companies, GL Trade S.A. had 937 employees and NQLX LLC 11 employees. The split in FTE per activity is as follows (*): (*) Due to the new organisation structure per business unit, effective since 1st March 2003, a similar split in the comparative number of FTE’s for 2002 is not available. (**) In 2004, 164 FTE’s in SBU Clearing will be either transferred or recharged to LCH.Clearnet.