Administration April 2, 2002
BNY Acquires Trade Execution Firm
February 4, 2002 (PLANSPONSOR.com) - BNY International Financing Corporation has acquired G-Trade Services, a provider of wholesale execution services, bank officials announced.
Reported by Fred Schneyer
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.
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