GL TRADE Confirms The Acquisition Of Iris Group In The Netherlands

GL TRADE, the leading electronic trading group, confirmed the signature of the agreement to acquire Iris Group, a Dutch company, today. Iris specialises in Options Market Making, has 15 clients and had a turnover of €1.3m in 2003. All Iris staff will join GL TRADE’s team in Amsterdam during the summer.

Vincent Burzynski, GL TRADE’s Product Director, comments, “The integration of Iris’ products with our existing solutions starts now. Iris’ clients will rapidly benefit from the access to GL TRADE’s 83 cash and derivatives markets and we expect to be able to offer Iris’ Market Making solution to current GL TRADE customers from September.”