Maxcor Acquires Tradesoft Technologies for $2.6 Million
TRANSACTION SYSTEMS
NEW YORK--Maxcor Financial Group has acquired multi-instrument trading solution provider Tradesoft Technologies, mainly for its automated alternative trading system (ATS) for trading emerging market debt.
Maxcor officials say the sale, worth approximately $2.6 million in cash and common Maxcor stock, is the first step the interdealer brokerage firm is taking to enhance the automation functions of its Euro Broker business lines. "Tradesoft will help us fulfill our strategy of also becoming a
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