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FNX becomes GL TRADE Capital Markets Solutions Paris, February 5, 2008 - GL TRADE, global provider of integrated software solutions to international financial institutions, announces the complete integration of FNX into the Group (acquired in January 2007) along with the new name of the operating division containing the former FNX, GL TRADE Capital Markets Solutions.
GL TRADE Capital Markets Solutions is the name of the GL TRADE business line in charge of technology and sales development for the following solutions: ASPEN, SIERRA, SIERRALINK™, CAYMAN, TRADIX and TXpress. These products offer cross-asset trading, management and processing of capital market transactions for banks, trading firms, corporate treasuries, hedge funds and prime brokers.
GL TRADE Capital Markets Solutions counts more than 75 clients in the US, Europe and Asia. The Capital Markets Solutions business line has reported a 2007 turnover representing 7% of the Group turnover.
Farid Naib, global head of GL TRADE’s Capital Markets Solutions business line, comments, “We’ve realigned the management of our solution offerings to better serve the financial marketplace from trading and order management straight through to clearing and settlement. For FX, Fixed Income and Commodities trading, GL TRADE provides the industry’s most comprehensive and complete solutions. This is truly an exciting time for us.”
About GL TRADE
GL TRADE provides the international financial institutions with multi-asset software solutions to cover the entire order flow from the front to the back office for the buy and sell side: Trading & Order Management, Connectivity to 140 markets, Execution Management System, Treasury and Risk Management, Settlement, Network and Market Data. Headquartered in Paris, GL TRADE has presence in 26 cities worldwide and employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084) and is part of SBF 250. GL TRADE also joined Next economy segment. Additional information about GL TRADE at www.gltrade.com.
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