Fortis Signs With GL Trade For Access To Four Futures Exchanges

Fortis has signed up for direct market access to the Chicago Mercantile Exchange, the Chicago Board of Trade, the London International Financial Futures Exchange and EUREX markets through GL NET, a front to back office software provider. The agreement will

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Fortis has signed up for direct market access to the Chicago Mercantile Exchange, the Chicago Board of Trade, the London International Financial Futures Exchange and EUREX markets through GL NET, a front-to-back office software provider.

The agreement will allow Fortis to take a big step toward expanding into the futures and options market.

“Over the past few years we have become one of the major forces in servicing and clearing trading bureaux and arcades,” said Chris Lee,

global head of screen-based trading for Fortis merchant banking’s global clearing. “With memberships to over 40 exchanges worldwide, our credit rating of AA- (S&P) and our extensive service offerings this forms part of our strategy to be a top 5 clearer globally.”

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