GL TRADE supplies Landsbanki Kepler with the functions for compliance with the directive but also enables it to benefit from opportunities brought about by market fragmentation: real-time market data aggregation, smart order routing (execution optimization and automation) and execution audit and benchmarks.
GL TRADE is the first pan-European provider to offer real-time market data aggregation for MiFID and to link it to execution. The group offers access to multilateral trading facilities (MTF) as well as solutions offering the best real-time execution (smart order routing). GL TRADEâs system also supplies full order traceability, archiving of market data for five years and access to execution benchmarks based on transaction cost analysis (TCA) indicators.
After a full-scale validation phase, the MiFID solutions for Landsbanki Kepler came into force in mid-November.
âLandsbanki Kepler is using GL TRADEâs systems to link to 17 Cash markets (including Chi-X) and has a range of flexible tools at its disposal to cope with the changes brought by MiFID,â explains Thomas Biotteau, Head of Front Office projects for Landsbanki Kepler. âThe choice of GL TRADE as a competitive and innovative provider of trading solutions means we can and will continue to give best execution for our clients in what is a time of great change for European markets.â
âWe are proud that GL TRADE has been chosen by Landsbanki Kepler,â comments Laurent Breboin, Regional CEO GL TRADE Paris Continental Europe. âWe have worked hand in hand to get Landsbanki Keplerâs execution policies working together with our solutions so that they can draw maximum benefit from the liquidity of securities at the same time as complying with MiFID.â