GL TRADE acquires securities trading businesses from UK group Misys.

This deal consolidates GL TRADE’s leading position in electronic trading
solutions in Japan, Asia and UK. It enhances GL TRADE’s front and middle
office ranges, and extends its offering to back office systems.
GL TRADE, the world’s leading provider of electronic trading solutions, announces the acquisition of a 100% stake in three Misys subsidiaries: Misys Securities Trading Systems UK, Misys Securities Trading Systems HK and Misys Securities Trading Systems Japan.

‘Misys Securities Trading Systems’ comprised the equities trading solutions activities of Misys. The UK group is disposing of these businesses in order to focus on its core activities in the global banking software markets.
Leading the way in a consolidating securities industry This deal enriches GL TRADE’s positioning in global trading solutions in Asia and Europe.

The GL TRADE product line will be enhanced with new or improved functionality on its basket trading and market making. GL TRADE’s leading position in Tokyo will be further strengthened by the deal.

Through this acquisition, GL TRADE enters the back office solutions market
(settlement/delivery of international securities) by acquiring a leading industry player with a sound and profitable business and a skilled workforce.
128 employees will join GL TRADE, increasing its worldwide headcount to around 1,000.

Product range acquired by GL TRADE
Market Trader Europe is a trading system with a European focus. Its key strengths are market making on the SETS exchange and position keeping, which will enhance GL TRADE’s Order Management System offering in London and worldwide. Market Trader Asia is a trading system whose functionality is closely tailored to the needs of Asian users. It will build on GL TRADE’s offering in Asia and Japan. Market Watch is a tool for distributing market data. It will round out and reinforce GL TRADE’s product line in this area
Market Settlement is a product that manages the settlement and delivery of international securities. It will complete GL TRADE’s STP chain (front, middle and back office solutions).

GL TRADE inherits a client portfolio of some sixty large and medium-sized financial institutions.
"This acquisition will increase our market shares and strengthen our global leadership position in electronic trading solutions," explains Pierre Gatignol, CEO of GL TRADE. "It also extends our offering to include settlement (back office) functions, where synergies with our trading solutions and electronic network will enable us to deliver innovative functionality to our clients."

Ivan Martin, Chief Executive of Misys Banking & Securities Division, said: "We are happy to have concluded this transaction with GL TRADE. While the businesses being sold have a number of strong products and excellent customer relationships, our strategic focus is on other, larger, growth oriented sectors within the banking software markets. We wish our former colleagues well as they continue to build these businesses under new ownership."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development