GL TRADE: Financial Institutions Adapt Trading Strategies to New Market Environments...

GL TRADE: Financial Institutions Adapt Trading Strategies to New Market Environments Using GL STREAM(TM)

GL TRADE signs 11 new order management systems and smart order
routing systems clients
PARIS & LONDON--(Business Wire)--
Regulatory News:

GL TRADE, (Paris:GLT) global provider of multi-market and
multi-asset solutions for international financial institutions, has
signed or implemented in the last six months 11 order management and
smart order routing systems in Europe and the US. In each case, the
clients have applied these solutions in order to meet new technical
and business needs for regional and/or global trading.

These latest implementations and deals have all been based on GL
TRADE's in-depth product responses to certain important new market
requirements. In the US and Europe, equity markets in particular are
becoming increasingly complex with the fragmentation of liquidity
driven by Regulation NMS and MiFID, as well as by market forces
promoting greater competition. Brokers on both continents are having
to review their strategies to decide which liquidity pools they want
to access and which products they want to trade, and to select the
most efficient and competitive technical solutions.

GL TRADE has developed specific advanced trading solutions for
both the European and US markets. In Europe, The GL STREAM(TM) Smart
Order Router and associated Audit suite enable full MiFID compliance
and also allow brokers to maximise the competitive opportunities
created by the post-MiFID market environment. Meanwhile in the US, the
wide capabilities of the GL STREAM(TM) Order Management System have
been applied to meet fast developing needs for consolidated trading
capability across asset classes and international boundaries, as
margin pressures in the US equity business drive brokers to seek wider
opportunities.

One of the most important new solution areas is that of smart
order routing systems (SORs), which automate the process of seeking
liquidity and best prices in fragmented markets. There are wide
variations in the sophistication of different broker and ISV
developments in this area, and implementation of the continuous
sweeping strategies required by the most demanding traders is a
complex undertaking. The demands are justified, however, because only
in this way can one approach true Best Execution - the obligatory goal
in EU countries under MiFID. GL TRADE works with its clients through
and after implementation so that their technical needs and business
objectives can be achieved.

GL TRADE provides competitive and in many cases unique solutions
for access to exchanges, ECNs and MTFs across Europe and the US: our
ASP trading services for more than 60 markets allow brokers to
implement global trading strategies rapidly, with minimal financial or
technical investment.

This broad combination of solutions has allowed GL TRADE to sell 8
GL STREAM(TM) SORs in Europe and 3 GL STREAM(TM) in the US. Pershing,
the Bank of New York Mellon subsidiary, is one of these new clients,
and uses GL STREAM(TM) to provide enhanced global equity execution
capabilities to its clients.

Charles-Henry Choël, Global Head of GL TRADE's Trading Solutions
business line, said: "GL TRADE has always focused on facilitating
access to new electronic markets for our brokerage clients, so
systematic connectivity in enterprise or ASP to these new pools of
liquidity is very natural for us and thanks to our large client base
we can benefit from regular client feedback to continuously improve
our new tools such as the SOR for MiFID."

www.gltrade.com

About GL TRADE

GL TRADE is a subsidiary of SunGard. GL TRADE operates in over 50
countries and serving 1,600 clients. We are the leading provider of
multi asset front to back solutions, connectivity and information
services. Our mission is to deliver trading solutions that ensure our
clients' success. Headquartered in Paris and London, GL TRADE employs
more than 1,400 people.

GL TRADE
Marianne Quentin, + 33 1 53 40 43 98
Group Marketing & Communication
marianne.quentin@gltrade.com
or
Metia
Simona Cotta Ramusino, +44 (0)20 3100 3603
simona.cotta-ramusino@metia.com

Copyright Business Wire 2008