GL TRADE says it is to provide its Direct Market Access (DMA) technology via GL NET to Deutsche Bank, which will use it to collect client orders to the XONTRO markets.
GL TRADE adds that the deal means it now covers all German floor markets : Berlin- Bremen, Duesseldorf, Frankfurt, Hamburg, Hanover, Munich and Stuttgart.
Direct Market Access aims to allow firms to trade on markets without being members.
XONTRO is an order routing, trading and settlement system by which orders are automatically routed to the appropriate German regional exchange.