GL TRADE is opening an office in Taipei to support a base of 15+ customers and a growing business in Taiwan (turnover up by 284% in Q1 2005).
The office will start in July 2005 in the financial district of Hsin Yi near Taipei 101. Theo Ng will integrate the Taipei Office, he worked for GL TRADE Hong Kong during 4 years and has an extensive technical expertise.
"We see in Taiwan a strong potential for future development especially for TAIFEX since the opening of the e-Taiwan contract in Singapore which will offer new possibilities of Arbitrage between the two exchanges," comments Franck Peltier, Managing Director of GL TRADE Hong Kong. "Overseas trading is also increasing as local FCMs extend their product range for their institutional and retail investors. To offer a higher level of service, a physical on–site support became necessary."
Major securities firms and FCMs have chosen GL TRADE as their trading system to receive order on TSEC and TAIFEX, send orders on CME/eCBOT/TOCOM/SGX DT/OSE FO or for local use. In Taiwan, GL TRADE's technology enables trading on TSEC (direct connectivity or via KWAY or SYSTEX) and TAIFEX via FIX.