FNX Solutions is called FNX Capital Markets Solutions post-acquisition by GL TRADE

Philadelphia - 18 April 2007

FNX Solutions (FNX), a leading provider of next generation technology solutions for treasury and capital markets, is now known as FNX Capital Markets Solutions, reflecting its January 2007 acquisition by GL TRADE, global provider of integrated solutions to financial institutions.

FNX Capital Markets Solutions includes the former FNX line of products:
Sierra, Sierra Treasury, Aspen and Cayman as well as GL TRADE’s Tradix solution. Farid Naib, who founded FNX in Philadelphia in 1992, leads the FNX Capital Markets Solutions business line, reporting to Vincent Burzynski, who heads up GL TRADE’s front to back solutions.

FNX provides GL TRADE with additional resources to help broaden their capital markets solutions. Combining the assets of both companies allows FNX to immediately build the scale necessary to grow.

“We have already benefited from GL TRADE’s size, reputation and international presence,” said Mr. Naib. “By joining forces, we have been able to secure more ambitious client projects.”

FNX Capital Markets Solutions will remain headquartered in Philadelphia.

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