GL Trade to Acquire Ubitrade, Expand Offerings
VENDOR UPDATE
LONDON--With the acquisition of derivatives processing specialist Ubitrade, GL Trade is moving fast to put itself in a unique position to offer a wide range of trading technologies, say observers. Officials of the French-based trading systems vendor announced the acquisition last week.
The GL-Ubitrade combination will allow the vendor to support front-, middle- and back-office functions, as well as a full range of trading styles and asset classes, says a GL Trade official.
The deal, for an
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