Financial software provider GL TRADE has started offering clients direct access to Euro Millennium, the European non-displayed liquidity pool operated by US technology vendor and agency broker NYFIX.
The interface to Euro Millennium is live and available to all users of GL NET, GL TRADE’s low-latency connectivity network. Landsbanki Kepler will be the first client to have direct access the dark pool through GL TRADE.
“GL TRADE is a great partner for us as we look to increase the accessibility of Euro Millennium to the buy-side and sell-side throughout Europe,” said Chris Smith, director, NYFIX International, in a statement. “This partnership capitalises on GL TRADE’s strong European presence and facilitates our mutual clients’ experience of the benefits of dark liquidity trading.”
Charles-Henry Choël, global head of trading solutions, GL TRADE, added: “With fast-track access to Euro Millennium’s innovative matching pool, our clients are able to execute orders according to their specific profiles, achieve their best execution objectives and reduce market impact.”