French Vendor Gets Cash Infusion

ORGANIZATION & STRATEGY

New York-based trading software vendor FlexTrade Systems has acquired a 72 percent majority stake in FIT-Traderforce, a French market data vendor, in an all cash deal, it was announced last week.

Terms of the deal were not disclosed.

FlexTrade acquired its majority stake from three French banks: Credit Agricole, BNP Paribas and Calyon.

Traderforce says the investment will accelerate its international growth by enabling it to address opportunities outside France and respond to automated and alg

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