GL TRADE, the global provider of front to back office solutions for international financial institutions, announces ASP connectivity to OMX-linked Nordic and Baltic Exchanges.
OMX today offers access to Nordic and Baltic securities listed on the Stock Exchanges linked via the OMX central trading engine: Copenhagen, Helsinki, Oslo, Reykjavik, Riga, Stockholm, Tallinn and Vilnius. GL TRADE herewith expands its Nordic and Baltic presence and will further increase it service provision in the region.
OMX Nordic Exchange reported a strong first month since the official launch with an average of number of trades per business day equal to 135,510 and an average daily share trading value amounting to EUR 4,631 million.
Brokers now have a cost-effective opportunity to trade directly on those Exchanges, depending on their membership they will use either the Internet, VPN connections or the GL NET, the dedicated order routing network owned and operated by GL TRADE. GL TRADE hosts and maintains all Exchange trading and market data feed hardware and software, offering brokers rapid deployment and significantly reducing their financial and technical overheads.
“GL TRADE is pleased to add OMX to its existing pan-European ASP market access coverage,” comments Philippe Carré, Managing Director of GL TRADE Client Connectivity business line. “Our unrivalled expertise on fully serviced market connectivity together with our ability to provide efficient and cost effective access address our clients’ requirements for broader trading needs. We expect our first clients to go live on the OMX service before the end of the year.”
