Calyon Financial, formerly known as Carr Futures, global derivative brokers, has chosen GL Trade to obtain connectivity to the Leipzig-based European Energy Exchange (EEX).
This connection, through GL NET, enables CALYON FINANCIAL to collect orders from other brokers to trade electricity futures listed on the exchange without being full members themselves, a spokesman for the company said. This linkup to EEX takes place soon after CALYON FINANCIAL connected to the London-based International Petroleum Exchange (IPE), also through GL NET.
“By using the newly extended facilities that GL TRADE has provided, we have expanded our clients’ opportunities for electronic trading of commodities,” said Jonathan Bradshaw, e-Brokerage Manager for Europe at CALYON FINANCIAL.
GL NET is a large global proprietary network dedicated to electronic trading and providing market data information.