BNY Acquires Trade Execution Firm

February 4, 2002 ( - BNY International Financing Corporation has acquired G-Trade Services, a provider of wholesale execution services, bank officials announced.

BNY International, a subsidiary of The Bank of New York, also picked up other subsidiaries of the Credit Lyonnais SA Group. Terms were not disclosed.
G-Trade, which can trade in 22 markets, has developed a fully automated platform for the straight-through-processing of orders, beginning with order placement and continuing through execution and clearance and settlement of the trade, the press announcement said.