GL Trade has announced that it will offer direct connectivity to MexDer, through Scotia Inverlat Derivados SA de CV as a part of Scotia Capital, as part of an agreement that represents a milestone deal for both companies.
Under the terms of the agreement, Scotia Inverlat will become GL Trade’s first Mexican-based client and will also become the first clearing member of MexDer to offer direct market access through GL Net, GL Trade’s proprietary international market data and order routing network.
Market access will be delivered through the GL Trade ASP offering co-located with the exchange in Mexico City.
We made a strategic decision to invest in the Mexican market to meet a growing customer need. I’m delighted we have established both a robust service offering in conjunction with the exchange and also to enable low latency access to this exciting market to our customers commented Robert Brown, managing director at GL Trade.