History
A previous instance of Fusion was owned by Michael Alfant and many of the partners of the current firm. Fusion Systems was founded in 1992 in Tokyo as a subsidiary of Fusion Systems Group of New York. A MBO in 1995 took the company independent. The company's key product was a stock trading system named FOX (Fusion Order eXecution) that was sold to many Tokyo Stock Exchange member firms. Fusion estimates, based on the reported market share of TSE members that used FOX, that it processed between 30-50% of the TSE's total volume at the end of the 90s.
The previous Fusion was subsequently acquired by IMRGlobal for $65M in a mixed stock/cash deal in 1999 .
IMRGlobal itself was subsequently acquired by CGI Group in 2001. The old Fusion unit of CGI was then sold to the French trading systems provider GL Trade in April 2002, who continued to sell and support FOX.
Read more about this topic: Fusion Systems
Famous quotes containing the word history:
“In history the great moment is, when the savage is just ceasing to be a savage, with all his hairy Pelasgic strength directed on his opening sense of beauty;—and you have Pericles and Phidias,—and not yet passed over into the Corinthian civility. Everything good in nature and in the world is in that moment of transition, when the swarthy juices still flow plentifully from nature, but their astrigency or acridity is got out by ethics and humanity.”
—Ralph Waldo Emerson (1803–1882)
“The history of reform is always identical; it is the comparison of the idea with the fact. Our modes of living are not agreeable to our imagination. We suspect they are unworthy. We arraign our daily employments.”
—Ralph Waldo Emerson (1803–1882)
“Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.”
—Johan Huizinga (1872–1945)