TFX Selects GL Trade to Offer Remote Membership

The Tokyo Financial Exchange (TFX) has partnered with GL Trade to allow the delivery of an application service provider (ASP) platform enabling TFX remote members to execute orders on Japan’s largest financial futures exchange. TFX selected GL Net, which will provide the exchange with a combined execution and low latency data feed service, as its first platform for remote membership. The decision was based on the commitment that GL Trade has demonstrated in Japan and the firm’s proven capabilities to attract business to TFX. The exchange’s president and CEO, Jiro Saito, said: “The track record of GL Trade as a successful independent software vendor (ISV) gives us confidence in this relationship. We expect not only technical excellence but also strong business assistance. We fully believe the new remote membership program combined with this platform will bring a new dimension to our exchange.”

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