Front Acquires Derivatech
FRONT PAGE: SPECIAL REPORT
STOCKHOLM--Officials at Front Capital Systems, the Swedish subsidiary of SunGard Trading Systems, are slated to announce this week that Front has acquired foreign exchange (FX) options software vendor Derivatech, based in Chicago.
The purchase, for an undisclosed sum, was completed in the last two weeks to build up the FX option trading and risk management capabilities of the Front Arena product suite, says Stephen Butcher, chief operating officer (COO) for Front in London.
Front Arena is a multi
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