text translated from the corresponding article in french . december 2009 click show for important translation instructions . view a machine translated version of the french article . google s machine translation is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the english wikipedia . do not translate text that appears unreliable or low quality . if possible verify the text with references provided in the foreign language article . after translating translated fr gl trade must be added to the talk page to ensure copyright compliance . for more guidance see wikipedia translation . gl trade was a french provider of financial order management and trading systems that covered front office middle office and back office used by international financial institutions . its main products were real time market data and trading systems servers and front end applications ; a major part of its success was the gl net private network linking up exchanges all over the world with thousands of brokers and traders . the company was purchased by sungard in 2009 and the system was renamed as sungard global trading . 1 history edit gl trade was established in 1987 . due to the company s founders pierre gatignol 2 and louis christophe laurent the acronym gl has been instantiated . in 2009 the company was acquired by us based sungard one of the world s leading software and technology services companies . the gl trade shares were distributed as follows nyse euronext owned approx . 40 % in the hand of the founders were 25 4 % and 36 6 % of the shares were free floating . in may 2008 sungard announced to acquire gl trade by purchasing 65 % in a first tranche for usd 625 million including effect of outstanding stock options . in accordance to the amf general regulation paris based oddo corporate finance launched on sungard s behalf an all cash tender offer for the remainder of gl trade s share capital at the original price of eur 41.70 per share . 3 the price per share did not reflect the overall decay of worldwide corporate s values according to the 2008 financial crisis impact . thus the total deal value of nearly usd 1 billion was considered to be financially hazardous given the mere fact that gl trade reported revenues of eur 203 million and an ebitda of eur 26 million fiscal year 2007 . references edit list of itrs partners pierre gatignol gl trade notre reseau privee permet d envoyer un ordre aux bourses en moins de 20 centiemes . le journal du net . 2007 10 18 . retrieved 2011 09 01 . sungard completes acquisition of majority interest in gl trade . www.sungard.com . 2008 10 01 . retrieved 2011 09 01 . this bank insurance or other financial services corporation article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title gl trade & oldid 569673530 categories financial services companies of francefinancial services company stubshidden categories articles to be expanded from december 2009all articles to be expandedarticles needing translation from french wikipediaall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 22 august 2013 at 04 12 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view