GL Trade acquires Ubitrade

From GL Trade's perspective, this latest deal will leave the vendor in a unique position to be able to offer an exhaustive range of trading technologies, supporting 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 undisclosed sum, marks the vendor's third key acquisition of the year. In June this year GL Trade purchased Iris group, a Netherlands-based vendor of market-making technologies,

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