GL Trade to connect to SGX Quest derivatives trading platform

Source: GL Trade

GL TRADE, global provider of electronic trading, clearing and settlement solutions announces its conformance to the new SGX Quest trading platform for Derivatives.

It will further migrate its existing connectivity to SGX Quest for Securities which the Singapore Exchange schedules to implement during the first half of 2005. GL TRADE offers its clients connected to SGX, the complete product range and functionality of SGX Quest.

SGX Quest (SGX Quotation and Execution System for Trading) is a new single trading platform for the SGX Securities and Derivatives market. The new trading engine will support a host of new products like the Nikkei Futures and Options during the main Japanese trading hours and sophisticated trading strategies.

Thibaud Langlet, Managing Director of GL TRADE Singapore comments, "Ever since GL TRADE opened office in Singapore in 1999, the Singapore Exchange has been our biggest local client and partner. It is extremely important to us to continue to provide to our clients the best service in electronic trading; this is why we already developed the connectivity to the SGX Quest platform. We are ready to migrate the SGX Exchange itself as well as our local and international clients."

GL TRADE furthermore provides access to over 83 electronic markets worldwide, equities and derivatives. In the Asia-Pacific Rim GL TRADE provides access to TSE, OSE, TSE OF, TOCOM, TIFFE, TAIFEX, SEHK, HKFE, NSE, SFE, KOSPI, KOFEX.

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