Leading Central European broker, WOOD and Company, to offer Direct Market Access to Prague, Budapest and Warsaw stock exchanges via GL NET

Paris - 19 September 2006

GL TRADE, global provider of front-to-back office software solutions for international financial institutions, offers WOOD & Company, the first Central European broker Direct Market Access to Prague, Budapest and Warsaw stock exchanges via GL NET.

Direct market access via GL NET, the group’s order routing and trading network, enables financial institutions to handle high transaction volumes. Through this network, firms can trade electronic markets around the world without necessarily being members. The DMA service guarantees the same speed and efficiency of order execution as for market members.

“Thanks to our long-term presence in the Central European market, WOOD & Company has a unique expertise and a long standing relationship with major firms and financial institutions”, comments Andrea Ferancova, Director of Equities, WOOD & Company. “GL TRADE understood the importance of Central European emerging markets and, we are delighted that our clients today can enjoy all the advantages of real-time financial operations.”

“We are delighted to welcome WOOD & Company to the GL NET Broker Community, especially since they offer 3 of the most interesting Eastern European markets”, comments Matthias Löffler, Managing Director of GL TRADE Frankfurt. “Over the past year we have seen a large increase in interest for these markets from both local brokers and traders as well as from clients around the world.”

GL NET is GL TRADE’s dedicated order routing and trading network providing access to over 120 cash and derivatives markets and uniting community of more than 650 international financial institutions.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development