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SunGard Scoops Up GL Trade

Traders Magazine, September 2008

Nina Mehta

In a surprise move, SunGard last month announced it intended to snap up 65 percent of GL Trade, the Paris-based financial services giant, for $625 million. The deal encompasses NYSE Euronext's 40 percent stake in GL Trade, which the exchange operator decided to sell as part of a move to focus on its growing in-house technology and infrastructure services.

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