GL TRADE, global provider of electronic trading, clearing and settlement solutions, is to provide Vienna Stock Exchange members access in Service Bureau. Wiener BÃ¶rse is the only securities exchange and listing authority in Austria and offers electronic trading on cash market (equities and options), derivatives and warrants.
GL TRADE will offer brokers a low cost entry opportunity to trade directly on the Wiener BÃ¶rse, through the Internet or via the GL NET, the dedicated order routing network owned and operated by GL TRADE.
This extended service offering means that GL TRADE hosts and maintains all trading and market data feed equipment, hardware and software, which allows brokers to benefit from a rapid deployment and significantly reduces their necessary financial and technical investment.
Dedicated GL TRADE support teams provide updates and software releases when necessary. Brokers using the service bureau solution can download the trading applic ation software directly onto their desktop and trade immediately.
Philippe CarrÃ©, Head of Global Client Services for GL TRADE observed, âGL TRADE has developed Service Bureau access to more than 20 electronic markets since 2004, out of the hundred markets that GL TRADE already offers worldwide.
This global reach, combined with our speed of completion of Service Bureau projects allows us to meet our clientsâ needs at every stage of their growth so that they can benefit from new trading opportunities immediately and cost effectively.â
"Service Bureau technology is part of our strategy to offer our members enhanced ability to trade efficiently whatever their needs are " said Ludwig Niessen, CIO, Wiener BÃ¶rse. "It is important that GL TRADE, a key partner of our ISV programme since the Vienna Stock Exchange went electronic, could market this opportunity to market members, new and existing."