Growing GL Trade still on acquisition trail

21 Mar 2005

GL Trade's 2004 financial results illustrated strong growth with the ISV's turnover increasing 17.2% to E150.1m.The period saw GL embark on significant external development as the company acquired back office trading firm Ubitrade, Dutch options market making software firm Iris and US order routing...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.