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GL TRADE creates business opportunities for European multi venue market participants with new products

GL TRADE, global provider of integrated multi-market and multi-asset solutions for financial institutions, has developed a product line that will help create business opportunities for all participants of the new European multi venue environment. The range of electronic trading products help make equity trading across multiple venues now a reality.

GL Trade provides clients with data aggregation and distribution, smart order routing and audit trail and reporting capabilities. Through GL NET financial institutions can access aggregated data from multiple trading venues in real time, allowing for immediate distribution of full and consolidated market depth. GL TRADE has already established important connectivity agreements with leading multilateral trading facilities (MTFs) including Chi-X, Turquoise and Equiduct, ensuring that clients have access to the market data of new liquidity pools.

To support the rapid growth of electronic trading and Direct Market Access (DMA) across multiple venues, GL TRADE has developed its GL Smart Order Router (SOR). Combined with high performance gateways and algorithmic trading engine, GL SOR can automate and adjust in real-time clients’ trading execution strategies, enabling them to benefit from the new multi-venue opportunities. Advanced features such as Sweeping and Switching allow GL SOR to take the best of market liquidity.

The compliance requirements of MiFID - record keeping, best execution, audit trail and reporting – are comprehensively managed by GL STREAM™ Audit. Today over 20 clients are using GL STREAM™ Audit, mainly agency brokers including tier 1, tier 2 and tier 3 banks.

Vincent Burzynski, Group Marketing and Products Director, commented: “Six months on we can now clearly see the business opportunities that MiFID has created. New trading technologies such as smart order routing and DMA platforms can help financial firms increase efficiency and profitability. With a strong R&D division and over 30 business units to serve all clients’ requirements globally, GL TRADE is well positioned to provide banks and brokers with the most advanced and flexible technology that enables them to adapt quickly to regulatory requirements: this can give them a real competitive edge”.