FNX named GL Trade Capital Markets Solutions

Source: GL Trade

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."

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