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GL Trade delivers FIX interface to Avaloq users

22 May 2007  |  1658 views  |  0 Source: GL Trade

GL TRADE, global provider of integrated solutions for financial institutions, and AVALOQ, a leading European banking solution provider, announce a strategic partnership.

GL TRADE offers AVALOQ clients a standard FIX interface to its Order Management system.

AVALOQ clients will benefit from GL TRADE's 20 years of expertise in developing market access and broker connectivity.

AVALOQ has many years of experience in successfully developing banking solutions. Renowned for its clear strategy of offering solutions that are tailored to customer demands, AVALOQ has earned the reputation of being a trustworthy business partner for the development, maintenance, and operation of banking technology solutions.

GL TRADE's strategy of Front to Back integrated solution for Private Banks is really complementary with AVALOQ.

Guillaume SCHABANEL, Managing Director of GL TRADE Switzerland, states, "This partnership will benefit to our common clients since GL TRADE and AVALOQ have worked together to offer them an integrated solution. Our goal is to ensure the quality and evolutive capacity of our interface. This system will create opportunity within Switzerland, the target being to extend this partnership to a global scale."

"The key element of the software partnership is the release management of the interface which GL TRADE will offer to AVALOQ clients. AVALOQ and GL TRADE clients can then be sure that their investment is secure and operations are safe in the future" comments Daniel WECKMANN, Alliance Manager at AVALOQ. "The cooperation will reinforce AVALOQ and GL TRADE positioning in Switzerland by combining AVALOQ back office strengths and GL TRADE's cross assets offering."

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