22 May 2007

GL TRADE and Avaloq announce strategic alliance.

GL TRADE, global provider of integrated solutions for financial institutions, and Avaloq, leading European banking solution provider, announce a strategic partnership.

GL TRADE offers Avaloq clients a standard FIX interface to its Order Management system. Avaloq clients will benefit from GL TRADE’s 20 years of expertise in developing market access and broker connectivity.

Avaloq has many years of experience in successfully developing banking solutions. Renowned for its clear strategy of offering solutions that are tailored to customer demands, Avaloq has earned the reputation of being a trustworthy business partner for the development, maintenance, and operation of banking technology solutions. GL TRADE’s strategy of Front to Back integrated solution for Private Banks is really complementary with Avaloq.

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