Calyon Financial -- Ex-Carr Futures -- Chooses GL TRADE for Connectivity to the European Energy Exchange.Business Editors PARIS--(BUSINESS WIRE)--May 17, 2004 GL TRADE, the leading provider of financial data feed, clearing, trading and settlement solutions, has developed a gateway to the Leipzig-based European Energy Exchange European Energy Exchange AG is Germany's energy exchange the leading energy exchange in Central Europe. The European Energy Exchange is located in Leipzig. Preceding companies were LPX Leipzig Power Exchange, located in Leipzig and European Energy Exchange, located in (EEX EEX European Energy Exchange EEX Enter Exponent ). Calyon Financial Calyon Financial is a subsidiary of Calyon specializing in institutional futures and options brokerage, and is also a member of the Crédit Agricole Group. , formerly known as Carr Futures, global derivative brokers, has taken up this connection through GL NET. This arrangement enables Calyon Financial to collect orders from other brokers to trade Electricity Futures listed on the Exchange without being full members themselves. This new arrangement with EEX takes place soon after Calyon Financial connected to the London-based International Petroleum Exchange (IPE IPE - Integrated Programming Environment ), also through GL NET. Jonathan Bradshaw, e-Brokerage Manager for Europe at Calyon Financial, said, "By using the newly extended facilities that GL TRADE has provided, we have expanded our clients' opportunities for electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. of commodities." GL NET is the largest global proprietary network dedicated to electronic trading and providing market data information. Philippe Carre observed, "This latest GL TRADE gateway connection to EEX, after our IPE gateway agreement, illustrates our continuing strategy of broadening the scope of our commodities markets' offering. We are delighted to welcome Calyon Financial as our first client to connect to EEX, and will continue to explore ways of expanding commodity trading opportunities for our clients." With its GL STREAM(TM) Front to Back Solution, GL TRADE is the leading software provider of real-time financial data feed, , connectivity, order management, confirmation and clearing. GL NET, GL TRADE's dedicated trading network connects to 83 electronic markets around the world. Headquartered in Paris, GL TRADE has offices in 17 countries and employs near 950 people worldwide. It has over 3,500 clients, including 500 international financial institutions. In 2003, GL TRADE's turnover was EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 128.1m. GL TRADE is listed on the Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. and joined the NextEconomy segment in 2002. Euroclear: 7208 Reuters: GLTD.LN Bloomberg: GLTR |
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