SunGard acquires GL Trade
LONDON - Pennsylvania-based technology vendor SunGard has enhanced its foreign exchange offering with the acquisition of fellow vendor, Paris-based GL Trade.
The purchase, completed in October last year, saw GL Trade renamed the Global Trading Business (GTB) on February 16 and has added 1,400 staff to SunGard's outfit. Peter Banham, global head of strategy and business development, capital markets and investment banking at SunGard in London, said all GL Trade's systems have remained under the
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