(October 2 — 16:10 ET) – The Montreal Exchange is now able to provide its market participants with electronic trading in the derivatives market as a result of a new agreement announced between the ME and GL Trade, a leading provider of financial trading software.
GL Trade will link the Montreal Exchange to its new electronic trading platform. All market participants of the ME will be able to trade via GLWIN workstation.
The agreement will cover the installation of trading stations at the sites of market participants with customized electronic servers being hosted on the premises of the Montreal Exchange.
“Market participants will now be able to benefit from the enormous potential of electronic trading and to gain competitive advantage from the speed, access and security that the GL Trade brings,” says Rosanna Teti, vice president of business solutions, Montreal Exchange.
“We are excited to have been chosen by the Montreal Exchange,” says says Gérard Varjacques CEO, GL Trade Inc. U.S. “We look forward to turning the Montreal Exchange’s strategic aims into reality, and to guarantee our GL Net network clients access to the Montreal Exchange.”
Headquartered in France, the GL Trade operates via it proprietary network, GL Net, in over 44 markets including New York, Chicago, London, Singapore and Sao Paolo,. and employs 370 staff world wide.
-IE Staff