Trayport, a supplier of multi-asset-class trading technology, has been acquired by GFI Group, an inter-dealer broker specialising in over-the-counter derivatives products and related securities.
According to GFI Group, Trayport offers a range of products including three electronic trading platforms which are tailored to the needs of specific user communities. Trayport will continue to provide software and services in the same way as a stand-alone business within the GFI Group. The entire Trayport team, including
its founder Edmund Hor, is continuing in the business across its three offices in
London, Jersey City and Hong Kong.
“GFI is one of our oldest and biggest customers and understands the importance of technology leadership,” comments Edmund Hor, managing director, Trayport. “Teaming up with GFI gives us the opportunity to draw upon GFI’s market knowledge to provide more and better transaction technology to global markets,” he explains.
“The scope of Trayport’s product offerings is extensive,” says Michael Gooch, chairman and CEO, GFI. “Through the acquisition of Trayport, we will be fully integrated into the desktop, middle office and back office of our European energy customers. Additionally, we will be able to streamline the introduction of new product offerings in all our regions. We are committed to providing the rest of Trayport’s customers with the same level of technologically advanced products on which they have come to rely,” he adds.