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GL Trade Sets its Sights on U.S.

Traders Magazine, November 2006

Melanie Wold

GL Trade, a Paris-based provider of trading solutions, is making a push into the United States and trying to find a niche in the sellside order management systems (OMS) market. But critics say the market is already saturated with SunGard's Brass, Royalblue's Fidessa, and-to a lesser extent-Bloomberg, NYFIX and Citigroup's Lava Trading. GL Trade traditionally has been strong in European and Asian equities with its market access software. It started its OMS quest in 2003, when it bought three businesses from Misys Group, including an OMS division.

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