Source: GL Trade
GL Trade, the global provider of integrated and multi-market software solutions for financial institutions, announced today that it has entered an agreement with BT to connect the Radianz Shared Market Infrastructure to three of its major Asian GL HUBS in Hong Kong, Singapore, and Japan.
GL Trade has been providing its "FIX ready" HUB in Asia since 2004. This agreement enables BT's buy-side clients to connect to the GL NET community of 750 financial institutions worldwide which support trading on 130 electronic markets.
Franck Peltier CEO Asia Pacific for GL Trade said: "GL TRADE and BT have a thriving relationship in Europe and the US that is highly beneficial to our mutual customers. We're now expanding this relationship to include Asia, which is a very strategic, fast growing region for GL TRADE. This agreement allows customers to connect more cost effectively to the 70 local brokers from the Asian GL NET community."
Richard Man, Head of Asia-Pacific Sales, Radianz Services for BT Global Financial Services, said: "GL TRADE has achieved impressive penetration in the major markets in Asia-Pacific, so we're excited to be able to offer GL NET access to the 3,000 customer locations in the region that are connected to the Radianz Shared Market Infrastructure. Building on the success of the BT and GL TRADE relationships in Europe and the US, we are anticipating a similarly fast expansion of GL TRADE's services to buy- and sell-side firms throughout Asia Pacific".