GL TRADE has added direct access to SAFEX, the South African Futures Exchange, for users of its technology. The market is accessible, for both prices and order routing, via GL NET, the proprietary network developed by GL TRADE.
“SAFEX volumes are constantly increasing and GL NET institutions can now easily route orders to SAFEX,” says Philippe Carr, GL CONNECT managing director. “We implemented this new access following growing client appetite for emerging markets. Our clients once again have given us the impetus to be a step ahead, being the only global ISV to support such a wide range of connected markets.”
The Johannesburg Securities Exchange bought out SAFEX in 2001, but continues to use the SAFEX branding for its Financial Derivatives and Agricultural Derivatives markets.
GL NET, which is open to both the buy and sell side, currently has more than 650 users accessing 125 equities, derivatives, commodities, fixed income and FOREX platforms.