Global Crossing Sells H&H Business
TRADING FLOOR TECHNOLOGIES
NEW YORK—Global Crossing is exiting the specialized hoot-and-holler (H&H) trader voice communication market with the sale of its trader voice business to WestCom for $25 million, announced last week.
The acquisition will make WestCom more competitive via expanded network access to more securities firms in more regions, officials say. WestCom andGlobal Crossing have clients in North America, Europe and Asia.
According to the agreement, WestCom will pay Global Crossing $25 million in gross cash
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