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.
[1] GL services financiers sarl was first established by Louis christophe Laurent, and Bernard Grouchko and Jean-luc Wibaux in May 1987 to enter the Paris Stock options market opening september 87.
Due to the company's founders Pierre Gatignol [2] and Louis-Christophe Laurent the acronym GL has been kept.In 1992 SBF Société des Bourses Françaises (ex Euronext) headed by Mr Theodore decided to buy 51% for strategic matters.
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.
[5] The price per share did not reflect the overall decay of worldwide corporate's values according to the 2008 Financial Crisis impact.