TFX Selects GL Trade for DMA
Under terms of the contract, GL Trade will act as an application service provider (ASP), supplying TFX remote members with low-latency market data and order execution capabilities via the vendor's GL Net network. GL Trade represents the first ASP vendor the exchange has selected to provide remote access to the market, according to TFX officials.
The initiative aims to attract foreign investors, which would result in more liquidity, according to Masayuki Nakajima, director of the promotion
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