GL NET is GL TRADE's proprietary international trading network connecting more than 50 markets and 300 brokers worldwide. SonicStorm is a proprietary direct access trading portal used by buy-side and sell-side firms both domestically and abroad. Under the terms of this agreement, GL TRADE will be able to provide direct access trading capabilities to ECNs, NYSE and NASDAQ using the SonicStorm trading portal.
SonicStorm will provide GL TRADE customers advanced order routing functionality for enhanced execution on the US equity markets. Conversely, through the connectivity with GL TRADE, Sonic customers will be able to route orders via the GL NET to any of the global markets and brokers to which GL TRADE has connectivity.
"The combined GL TRADE/Sonic offer is an ideal solution for enhancing a trader's access to market liquidity anywhere in the world," said Gerard Varjacques, CEO of GL TRADE Americas. "By combining the strength of Sonic's extensive connectivity to the US equity markets with GL TRADE's global market access, customers will have a truly global trading platform with the ability to execute their trades anywhere there is liquidity."
"This agreement with GL TRADE will allow Sonic to expand its connectivity beyond the US and offer our customers access to some of the world's most liquid markets," said Joe Cammarata, Founder and Managing Director of Sonic Financial Technologies. "Partnering with GL TRADE will allow us to augment our existing products and offer a truly global solution to Sonic's end users."
