GL Trade connects to Instinet's Chi-X ATS

GL Trade, the Paris-based provider of buy- and sell-side front- to back-office trading systems, has installed a connector to Instinet's Chi-X, the European equity alternative trading system. Traders will be able access Chi-X through any GL Trade platform, allowing them to achieve low execution and settlement costs. GL Trade claims the Chi-X model is significantly faster and less expensive than Europe's traditional equity exchanges. Available on an ASP and install basis, the vendor says Chi-X