GL TRADE says that SEB ENSKILDA, the Nordic financial intermediary, has signed up to become order collecting broker on GL NET and offer Direct Market Access to GL TRADE users. SEB ENSKILDA is also enabled to collect orders for trading on leading equities and listed derivatives markets in both Europe and US.
The GL TRADE global connectivity offering is designed to handle high transaction volumes. Through the GL NET network, firms can trade on any market without necessarily being members, the DMA service offering the same speed and efficiency of order execution as to market members.
“We are delighted that SEB ENSKILDA chose GL TRADE market connectivity offering since our two companies know each other very well,” says Patrick Tessier, the CEO of GL TRADE, in London and Northern Europe. “We offer SEB ENSKILDA our expertise of market connectivity and they allow us to take up the challenge of the Nordic region where local competition is very strong.”
“We’ve chosen GL TRADE because of the richness of their offering while remaining very competitive,” adds Robert Andersson, who is responsible for DMA at SEB ENSKILDA. “Furthermore, the implementation of the project has been very smooth allowing us to be already in production. I’m sure GL TRADE would be an alternative solution to look at in the region.”