GL TRADE completes acquisition of FNX Solutions

First Published: e-Forex Magazine 27 / News / April, 2007

GL TRADE announced on March 1st that it had formally closed its’ acquisition of FNX Solutions. The acquisition marks GL TRADE’s first major step into the FX market as part of their global strategy to offer complete multi-asset solutions to their clients.“GL TRADE clients will soon be able to trade on a number of FX venues including Baxter, Hotspot, FXCM, and FX Marketspace. By combining GL’s sophisticated front-end trading functionalities with FNX’s comprehensive risk management and back office processing solutions we will be able to offer a compelling end-to-end solution” said Michael Hepburn, Business Development Director at GL TRADE. Paul Gibson, Global Head of Sales, said “We are excited to be joining forces with GL TRADE to offer best of breed pre and post execution solutions for FX and other asset classes"....continued

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