GL TRADE, integrated solutions provider for financial institutions, and AVALOQ, European banking solution provider, are to enter into a strategic partnership. GL TRADE offers AVALOQ clients a standard FIX interface to its order management system and complements AVALOQ's customer tailored banking technology solutions.
"This partnership will benefit our common clients since GL TRADE and AVALOQ have worked together to offer them an integrated solution," says Guillaume Schabanel, managing director of GL TRADE Switzerland. "This system will create opportunity within Switzerland, the target being to extend this partnership to a global scale."
"The key element of the software partnership is the release management of the interface which GL TRADE will offer to AVALOQ clients. AVALOQ and GL TRADE clients can then be sure that their investment is secure and operations are safe in the future," comments Daniel Weckmann, alliance manager at AVALOQ. "The cooperation will reinforce AVALOQ and GL TRADE's positioning in Switzerland by combining AVALOQ back office strengths and GL TRADE's cross assets offering."