GL TRADE, global provider of electronic trading, clearing and settlement solutions, has signed a market data distribution agreement with the London Metal Exchange. The London Metal Exchange (LME) is the worldâs premier non-ferrous metals market, with highly liquid contracts, trading futures and options.
GL TRADE is now a registered LME market data vendor, which allows for the LME market data feed to be distributed over the GL NET, the proprietary trading network owned and operated by GL TRADE. GL TRADE is also in the process of delivering an LME trading gateway, giving brokers the opportunity to trade directly on the LME electronic trading platform. In the very near future, LME contracts will become fully accessible via the GL NET and the GL STREAMâ¢
suite of products.
GL TRADE is experiencing strong demand for Commoditiesâ electronic trading applications from the financial community. Ina Hanisch, VP Sales & Marketing for GL TRADE comments, "By becoming LME market data vendor and offering direct LME trading facilities, GL TRADE again asserts its determination to deliver practical solutions to our clients. To date, GL TRADE provides direct market access to 14 Commodities Exchanges. GL TRADE was the first ISV to
offer connectivity to IPE back in 2003 and we also delivered our IPE Service Bureau solution well in time for the electronic IPE switchover on April 7th."
GL TRADE already offers an automated clearing solution on the LME via the well known GL CLEARVISION application.