GL Trade enhances hosted Liffe service

Source: GL Trade

GL TRADE, global provider of front-to-back office software solutions for international financial institutions, announces that its GL CONNECT ASP LIFFE hosted service will soon be connected to the LIFFE CONNECT trading system via NYSE Euronext LIFFE's new 100Mbps High Speed Access.

GL TRADE is one of the leading providers of hosted solutions on LIFFE. The group connects more than 150 clients to 60 worldwide exchanges via the GL CONNECT ASP service.

The ASP service hosts and maintains all trading and market data feed hardware and software, allowing brokers to benefit from rapid deployment with minimum financial and technical investment.

The GL CONNECT LIFFE ASP service is now entirely run on Linux systems to provide clients with increased levels of performance and greatly reduced latency. With resilience for market data and ASP trading provided via multiple-site connectivity, GL TRADE is now in process of migrating to LIFFE's new 100Mbps offering to offer its clients the best trading infrastructure.

"Our clients continually seek new markets and applications to help them deliver better performance at lower cost" comments Philippe Carré, Global Head of Client Connectivity, GL TRADE Group. "Combined with LIFFE's 100Mbps connectivity service, our Linux-operated low-latency platform gives us one of the best-performing market infrastructures clients can use to access the market."

"We are pleased that GL TRADE, with its long track record of support for the LIFFE CONNECT platform, has decided to partner with LIFFE in its offer of 100Mbps lines to the marketplace," says Paul McGregor, Director Technology Partnerships, LIFFE. "This will ensure that customers trading LIFFE products via GL TRADE receive the highest quality service, with the lowest possible latency."

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