Société Générale selects GL Trade for European markets connectivity

Source: GL Trade

GL Trade, the leading international provider of front to back office software solutions for international financial institutions, has announced the operational launch, within Société Générale, of an execution platform covering a large number of European institutional markets: London Stock Exchange (London), Euronext (Amsterdam, Brussels, Lisbon, Paris), Frankfurt, Madrid and Milan, the SWX and virt-x exchanges in Switzerland and the OMX Nordic Exchanges platform (Copenhagen, Helsinki, Oslo and Stockholm).

Société Générale Corporate Investment Bank will be able to offer its clients both its highly regarded financial research and an execution service.
Société Générale's execution offering covers over 60 markets worldwide and several themes: Discretionary Orders, Market Making, Direct Market Access and Algorithmic Trading.

By selecting GL TRADE, Société Générale has enhanced the list of platforms via which it can collect orders from its clients. Via the GL NET order routing network it will offer a full range of execution services.

"The introduction of the GL TRADE solution for our execution offering will allow us to target a broad range of users. Not only will we be able to offer direct market access, via a full GL TRADE solution, but also our proprietary algorithms and our own execution desks," commented Richard Hills, Head of Electronic Execution at Société Générale.

The architecture developed by GL TRADE functions on an ASP model: GL TRADE is responsible for the hosting and maintenance of equipment and software required to collect financial data and process orders, thus allowing brokers to benefit from rapid deployment of the solution whilst simultaneously reducing their financial and technical input.

"GL TRADE has considerable expertise in market connectivity and trading tools", noted Philippe Carré, Global Head of Client Connectivity at GL TRADE. "Our ability to supply highspeed, efficient and cost-effective access to various centres of financial liquidity fitted perfectly with the needs expressed by Société Générale, one of our longstanding partners in the fields of trading and connectivity."

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