GL Trade to offer 100MB capacity trading services on Euronext

Source: GL Trade

GL Trade, the leading international provider of front to back office software solutions for financial institutions, has announced that it is developing the new market data based on Multicast protocol in order to be ready for the implementation of the new broadband access on Euronext cash and derivatives markets.

Euronext will provide a high bandwidth line (100MB) to access to its markets providing a more efficient order flow and a faster market data processing. GL TRADE is enhancing its order collecting server (SLC) on the Euronext Cash market in order to offer its clients the most effective market connectivity combined with ultra low latency.

"GL TRADE's strong and proven expertise to adapt to markets' changes and new regulations has always been one of our key advantages, especially now with the rise of algorithmic trading and the Smart Order Routing technology coming with MiFID requiring low latency solutions" comments Natalie Samson-Thévenon, Chief Technology Officer for GL TRADE Paris Continental Europe. "GL TRADE will of course provide this new high bandwidth access as part of the ASP offering to its clients."

The Group offers connectivity to more than 130 pools of liquidity worldwide whether cash or derivatives markets and is market data vendor on about 70 markets.

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