Friday 8 October 2010

Dubai's DIFC seeks buyer for SmartStream -sources | Reuters

The investment arm of the group that operates Dubai's tax-free business hub is seeking to sell financial software company SmartStream Technologies, three people familiar with the matter said on Thursday.

DIFC Investments, an arm of Dubai's International Financial Centre (DIFC), has hired UBS to help sell SmartStream, the people added.

SmartStream helps investment banks and fund managers with the back and middle-office processing of stock, bond and derivative trades. It says its clients include three-quarters of the world's top 100 banks."

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