SEB ENSKILDA becomes official order collecting broker on GL NET providing Direct Market Access to GL TRADE users

25 September 2006

GL TRADE, global provider of front-to-back office software solutions for international financial institutions, announces that SEB ENSKILDA, the leading financial intermediary within the Nordic arena, has signed up to become order collecting broker on GL NET and offer Direct Market Access to GL TRADE users.

SEB ENSKILDA is also enabled to collect orders for trading on leading Equities and listed Derivatives markets in both Europe and US.

The GL TRADE global connectivity offering is designed to handle high transaction volumes. Through the GL NET network, firms can trade on any market without necessarily being members, the DMA service offering the same speed and efficiency of order execution as to market members. GL NET enables order routing and execution on 120 financial cash, derivatives, commodities & FX markets and gathers a community of more than 650 international financial institutions.

“We are delighted that SEB ENSKILDA chose GL TRADE market connectivity offering since our two companies know each other very well ”, comments Patrick Tessier, CEO GL TRADE London Northern Europe. “ We offer SEB ENSKILDA our expertise of market connectivity and they allow us to take up the challenge of the Nordic region where local competition is very strong.”

“We’ve chosen GL TRADE because of the richness of their offering while remaining very competitive” adds Robert Andersson, DMA responsible, SEB ENSKILDA. “Furthermore, the implementation of the project has been very smooth allowing us to be already in production. I’m sure GL TRADE would be an alternative solution to look at in the region.”

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