Trading software firm GL Trade has bought back office vendor
Ubitrade in a bid to bring a multi-asset class front-to-back
offering to market.
Although financial terms of the acquisition were not
released, analysts estimated that based on Ubitrade's €17m
2003 turnover the deal could be worth up to €40m, though a
figure of around half that was also possible.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.