Financial terms were not disclosed. The founders of Traderforce will remain as shareholders and on the executive board.

The acquisition enables FlexTrade to integrate its global expertise in multi- asset algorithmic trading systems with Traderforce's thin client financial information platform to create the next generation thin-client solution for broker neutral algorithmic trading.

Vijay Kedia, President of FlexTrade Systems Inc., said, "This acquisition brings us, a proven, highly scalable platform, which will enable us to offer a thin client, market data and multi-asset trading platform to buy-side and sell-side institutions. This will also enable us to work closely with brokers to offer a comprehensive, global, thin-client solution to their buy-side customers. FlexTrade is committed to offering the industry’s widest range of choice in global, multi-asset, broker neutral trading systems."

Jean Michel Blanco, founder and Chief Executive Officer of Traderforce said, "We are delighted to become part of FlexTrade. This is a highly complementary opportunity for all of us. It enables us to quickly realize the strategic initiative we made last year to integrate multi-asset algorithmic trading and execution management functionality with our platform which offers in-depth market data content, analytics, fundamental data and technical analysis tools. It also enables us to be a truly global company with local presence in North America, Europe and Asia."