Lionel Sancenot, Managing Director of GL TRADE North East Asia said: âOver the past two years we have signed up a significant number of new agreements with qualified overseas institutional investors (QFII) willing to trade on the Chinese market. We have also witnessed a strong appetite from qualified domestic institutional investors (QDII) to trade on the Hong Kong stock market electronically. These clientsâ demands, together with increased global interest in Asian markets, have resulted in us entering into a market data distribution agreement with the Shanghai and Shenzhen exchanges. It has also enabled us to implement our high performance low latency network, GL NET, in Shanghai which will generate great opportunities for our customers to access these new markets more effectively and efficiently.â
Today, the GL NET community represents more than 650 of the largest international financial institutions and provides access to more than 140 equities, derivatives, commodities, fixed income and foreign exchange markets. GL NET is available for both buy side and sell side institutions via GL TRADE workstations, FIX or third party applications.
Philippe CarrÃ©, Global Head of Client Connectivity at GL TRADE added: âDeveloping this hub has been part of our corporate strategy of raising our presence in the Asian markets and has been accelerated by our growing success and by increasing client demand. We now provide trading connectivity access to 30 exchanges in Asia (such as Tokyo Stock Exchange, Hong Kong Stock Exchange, Hong Kong Futures Exchange, Singapore derivatives and stock exchangesâ¦) thanks to the already existing seven GL NET Asian hubs (Hong Kong, Singapore, Taipei, Seoul, Tokyo and Sydney). Thus, the Shanghai hub is achieving our connectivity system in Asia.â