21 October 2017
Register now

GL TRADE extends coverage to the Tokyo Commodities Exchange

19 February 2004  |  546 views  |  0

GL TRADE, the first ISV to offer connectivity to TOCOM since last November 2003, following the exchange's new policy to admit ISV's, counts today not less than 7 brokerage firms trading commodities on the Japanese market.

Tokyo Commodity Exchange represents Japan's largest futures market and has become more and more attractive to foreign institutional investors since new regulations are being implemented.

Arbitrage possibilities between Japanese, European and US commodities markets are becoming very interesting and secured especially since the exchange adopted a single central counterparty clearing structure, which adds to the creditworthiness for foreign investors.

TOCOM is also preparing to widen its range of products by introducing options on futures, starting in May with its most popular product, Gold Futures. GL TRADE anticipates the development of its software in order to be able to offer options on futures trading to its clients in due time.

"The TOCOM gateway means new business for GL NET, GL TRADE's dedicated order routing network which connects 500 financial institutions worldwide," comments Anne Jeanmart, GL NET Business Development Manager. "Through GL NET remote members can easily and quickly connect to the market."

GL TRADE has also developed market access to the other main Japanese cash and derivatives markets such as OSE, TSE, TIFFE and JASDAQ. The GL TRADE Tokyo office opened in 2001 and today counts 70 people, including a local development team of 20 engineers.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10179 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
9364 views comments | 17 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8986 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8071 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7771 views comments | 10 tweets | 22 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job