New York, NY, April 26, 2004 – GL TRADE, a leading provider of financial trading software, announced today that MB Trading has joined it’s GL NET trading network to provide direct access trading capabilities for US and Canadian equities to GL TRADE clients worldwide.
MB Trading and its institutional division "MBT Institutional" provide proprietary smart route trading via "MBTX" to NYSE, AMEX, NASDAQ, OTCBB, Pink Sheet, TSX, Options and Futures markets to buy and sellside firms. GL TRADE clients will now be able to connect to MB Trading’s MBTX Smart Route, which scans the market for the best possible trade executions. This enables intelligent trading capabilities on all major ECNs as well as access to other pools of liquidity.
"We are honored to announce this integration with GL NET. It is a smart combination of connectivity and order routing that will prove to be a strong alliance well positioned for future success," said Ray Schreiner, Executive Vice President of MBT Institutional. Ross Ditlove, CEO of MB Trading added, "This is another significant step for MB Trading’s globalization and furthermore reinforces high demand for our products worldwide."
"We are very happy to have MB Trading as part of the GL NET community," said Gerard Varjacques, CEO of GL TRADE Americas. "With the MBTX Smart Route platform, GL TRADE clients will be able to take advantage of two of the most liquid markets in the world."
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