.jpg)
Over the first five months of 2006, GL NET posted record-high trading volumes, with an increase of 56% year on year, totalising more than 80,000 executed orders/trades per day. For May alone, nearly 2 million trades were executed, an increase of 72% year on year (May 2005) and a 27% jump over April 2006.
Among the most dynamic derivatives markets on GL NET in May 2006 were IDEM, LIFFE and EUREX in Europe (respectively +78%, 52% and 48% over April 2006), CME & CBOT in Americas (+45% & +39%), as well as OSE (Osaka Exchange) and SGX-DT in Asia (+25% & +23%).
As for equities markets, the most dynamic was SGX-ST in Asia (+42% over April 2006), followed by NYSE & NASDAQ in the US (+29% & 20% respectively), with the LSE, EURONEXT & XETRA (+32%, +26% & +18%) leading the march for Europe. On average, more than €100 billion are matched every month on Equities through GL NET, whereas close to 650 000 trades are booked on derivatives instruments, representing some 7 millions contracts exchanged. More than 350,000 financial instruments are already traded via the GL NET, with new instruments and markets added on client request.
The GL NET community represents more than 650 of the largest international financial institutions and provides access to more than 120 Equities, Derivatives, Commodities, Fixed Income and FOREX platforms. GL NET is available for both Buy Side and Sell Side via GL TRADE workstations, FIX and other third party applications.
“These historical records confirm the success of the GL NET, offering our clients speed, efficiency and reliability”, says Philippe Carré, Global Head of Client Connectivity for GL TRADE. “With no loss or distortion, we offer an average speed of 0.25 second worldwide to route orders to their destination.”
