GL TRADE, global provider of electronic trading, clearing and back office solutions, announces the signature of a distribution agreement with the Dubai International Financial Exchange(DIFX).
The DIFX aims to become the first truly international financial exchange between Western Europe and East Asia. It plans to begin trading on September 26th, 2005. The DIFX is currently applying to the Dubai Financial Services Authority for a license to operate as an exchange and clearing house. Under the terms of the agreement, DIFX members will use the GL TRADE solution to access the new electronic Exchange.