GL TRADE, a provider of multi-market software for financial institutions, has entered into an agreement with BT to connect the Radianz Shared Market Infrastructure to GL hubs in Hong Kong, Singapore and Japan.
GL TRADE has been providing its 'FIX-ready' hubs in Asia since 2004. According to the firm, this agreement enables buy-side clients to connect to the GL NET community of 750 financial institutions worldwide that support trading on 130 electronic markets.
"GL TRADE and BT have a thriving relationship in Europe and the US that is highly beneficial to our mutual customers, " says Franck Peltier, CEO, Asia Pacific, GL TRADE. "We are now expanding this relationship to include Asia, which is a very strategic, fast- growing region for GL TRADE. This agreement allows customers to connect more cost-effectively to local brokers in the Asia region."
Richard Man, head of Asia-Pacific sales, Radianz services, BT global financial services, comments, "We are excited to be able to offer GL NET access to the 3,000 customer locations in the region that are connected to the Radianz Shared Market Infrastructure. Building on the success of the BT and GL TRADE relationships in Europe and the US, we are anticipating a fast expansion of GL TRADE’s services to buy- and sell-side firms throughout Asia Pacific".