Deutsche Bank signs for GL Trade direct market access technology

Deutsche Bank signs for GL Trade direct market access technology

Deutsche Bank has agreed to use GL Trade's direct market access (DMA) technology to provide its members with access to Xontro, the order routing system used across Germany's regional exchanges.

About 500 banks are connected to Xontro, which automatically routes customers' trades to the appropriate German regional exchange.

Deutsche Bank will connect to Xontro via the vendor's GL Net trading system, which enables buyside firms to handle high transaction volumes.

GL Trade says Deutsche Bank participants will be able to use the system to trade cash and warrants from all German regional exchanges, including Europe's largest warrants market, Euwax.

Anne Jeanmart, GL Net business development manager, says the GL Network provides access to more than 100 markets worldwide.

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