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FlexTrade acquires majority stake in Traderforce
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FlexTrade Systems Inc. has acquired a 72% majority stake in FIT-Traderforce, a leading provider of European financial information platforms, in an all cash deal. Financial terms were not disclosed. The founders of Traderforce will remain as shareholders and on the executive board.

The acquisition enables FlexTrade to integrate its global expertise in multi-asset algorithmic trading systems with Traderforce’s thin client financial information platform to create the next generation thin-client solution for broker neutral algorithmic trading.

FlexTrade charted the path for systems support of algorithmic trading and continues to break new ground, alongside the very traders who are our clients and innovators in their own fields.

Founded in 1996, FlexTrade is the industry pioneer and leader which introduced the first broker-neutral algorithmic platform that can be controlled and customized by each end-user. Traders, as a result, could begin keeping their trading strategies confidential on a vendor provided platform.

Today, FlexTrade is continuously expanding with offices and staff in North America and Europe, and a global client base of more than 100 buy- and sell-side firms, including large program trading desks at major investment banks, hedge funds and investment management firms.

For more information on FlexTrade, see www.flextrade.com