Source: GL Trade
Users of the international order routing network GL NET, owned and operated by GL TRADE, now have access to the Warsaw Stock Exchange's transaction system. Access is possible via the WSE member firms, which will play the role of broker-collectors in transmitting the orders placed via GL NET.
The access to the market is fully automated via DMA (Direct Market Access). This new solution significantly facilitates the access to the WSE central trading engine for all GL NET users, removing Exchange membership constraint. At the same time brokerage member firms, acting as GL NET broker collectors gain additional business intermediation opportunities.
GL NET today provides access to over 125 Equities, Derivatives, Commodities, Fixed Income and FOREX markets and represents a community of more than 650 international financial institutions. Apart from fast and safe order routing, GL NET provides market data feeds and financial content.
The Warsaw Stock Exchange provides a wide range of access solutions to its transaction platform. The WSE cooperates with several independent software vendors, which products are used by investment firms. Four independent software vendors (GL TRADE, ORCSoftware, RTS Realtime Systems and LIST) already offer ready-to-use, WSE-certified applications for accessing the WSE trading system. Additional applications from other software vendors will soon be available.
Solutions for the WSE IT systems may be built based on communication protocol MMTP or international standard FIX 4.2. As far as the telecommunication side is concerned access to the WSE is possible via Frame Relay of Exatel and TPSA networks, leased lines and the TNS network.