GL Trade intends to offer brokers a low cost entry opportunity to trade directly on the International Petroleum Exchange (IPE) through the internet or via its own GL Net, an order routing network. It will also provide its clients with IPE market data.
This extended service offering means that GL Trade will host and maintain all trading and market data feed hardware and software, in an effort to provide rapid deployment by reducing financial or technical investment. Brokers using the service bureau program can download the trading application software directly onto their desktop and trade immediately
This development is part of our overall strategy to offer efficient, cost-effective solutions that suit companies requiring scaleable and flexible systems, commented Philippe Carre, head of global client services for GL Trade. A fully electronic IPE should translate into increased volumes, on an important level; our clients could in the future expand globally accordingly to order flow increase and demands.
