GL Trade sets up gateway to EEX and signs up Calyon Financial

GL Trade, a Paris-based provider of financial data, clearing, trading and settlement soulutions, has set up a gateway to the Leipzig-based European Energy Exchange. Global derivatives broker Calyon Financial, formerly Carr Futures, has taken up this connection through GL Net, GL Trade’s proprietary electronic trading and market data network.

The arrangement allows Calyon to collect orders from other brokers to trade electricity futures on the exchange without being full members themselves, says GL. Calyon also recently connected to London’s International Petroleum Exchange through GL Net.

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