GL TRADE, global provider of integrated solutions for financial institutions, announces that the Leading DMA Equity & Derivatives Broker in Russia, BrokerCreditService, will go live on EDX thanks to GL TRADE ASP technology.
Global clientele of BCS Group will have a cost-effective opportunity to trade directly on EDX London which launched, last December, Russian IOB Equity Derivatives Services enabling equity and index derivatives based on IOB Russian Depositary Receipt instruments to be traded on-exchange and cleared by LCH.Clearnet.
Depending on their requirements they will use either the Internet, VPN connectivity or the GL NET, the dedicated order routing network owned and operated by GL TRADE. GL TRADE hosts and maintains all the exchange trading and market data feed hardware and software, offering users rapid deployment and significantly reducing their financial and technical overheads.
“We are happy to announce that our Clients, both domestic and international, will be able to trade on EDX. The reality suggests that more and more companies worldwide are aiming to be quoted in London. As a Client driven company BCS strives to offer maximum trading opportunities for the Clients”, says Viktor Garmashev, Head of Sales, BCS.
«Russia is a growing market and we’re proud to enable BCS to benefit from our continued investment to offer local markets ASP access and advanced trading tools», comments Philippe Carré, Global Head of Client Connectivity, GL TRADE.
Executives from both companies will be available for meetings on March 29, 2007 at the Trading Forum in Moscow, Mariott Grand hotel. This event is organized in partnership with The London Stock Exchange and EDX London.
