GL TRADE, a solutions provider for financial institutions, has announced that Russian DMA equity and derivatives broker, BrokerCreditService, will go live on EDX using GL TRADE ASP technology.
BCS Group’s clients will have a cost-effective opportunity to trade directly on EDX London which launched, last December, Russian IOB equity derivatives services. This enables equity and index derivatives based on IOB Russian depositary receipt instruments to be traded on-exchange and cleared by LCH.Clearnet.
Depending on their requirements they will either use the internet, VPN connectivity or the GL NET, the dedicated order routing network owned and operated by GL TRADE.
“We are happy to announce that our clients, both domestic and international, wll be able to trade on EDX,” says Viktor Garmashev, head of sales, BCS. “The reality suggests that more and more companies worldwide are aiming to be quoted in London. As a client driven company BCS strives to offer maximum trading opportunities for the clients,” he adds.
GL TRADE’s global head of connectivity, Philippe Carré, says,”Russia is a growing market and we’re proud to enable BCSto benefit from our continued investment to offer local markets ASP access and advanced trading tools.”