GL TRADE, a provider of front-to-back office software for international financial institutions, is ready to go live with its new gateway offering access to the Dubai Mercantile Exchange (DME). Calyon Financial is the first broker to have signed up to connect to this new gateway.
The DME, scheduled to open on May 1st, is the first energy futures exchange in the Middle East and is uniquely positioned to provide price transparency and market liquidity for crude oil from the world’s foremost oil producing and exporting region.
“We are delighted to add the Dubai Mercantile Exchange to our broad GL TRADE coverage,” said Leslie Sutphen, global head of e-brokerage strategy and implementation at Calyon Financial.