GlobalXTM, a unique business solution developed by Tradeware Global, provides institutional investors - through their brokers - access to the world's equity markets anytime, from anywhere, and with complete anonymity. GlobalX gives investing public an opportunity to conduct cross-border trading with the same efficiencies as domestic, thus truly making global markets local. Our technology allows members of one exchange to link to members of other exchanges. For our clients, this electronic interface translates into improved operational efficiency, lower costs and a significantly higher percentage of successful cross-border trades. GlobalX brings an improved performance to global trading, which ultimately benefits the investing community worldwide.
Tradeware Global is not a broker-dealer, Alternative Trading System, or ECN; we remain neutral throughout the entire process. Broker-dealers use our technology and unique business process where broker-dealers in one jurisdiction are able to send and receive the orders to and from other jurisdictions without the need to be regulated in them.
The GlobalX solution is built around the latest industry standards and technology, with the infrastructure that includes purpose built data centers in Europe and North America and dedicated communications links. It is inherently multi-market, multi-currency and multi-entity. Technically efficient and totally non-intrusive, GlobalX meets the requirements of T+0, STP, and customer regulatory reporting minimums in all markets.
- The basis of GlobalX is a hub-and-spoke FIX network.
- GlobalX translates and tracks all FIX messages that flow through the network, delivering equity orders to their international destination at minimal cost and maximum efficiency, including transaction matching and full audit trails.
- Post-execution in the GlobalX system streamlines the settlement process by implementing technology that manages the storing and diffusion of settlement information.
Benefits:
- Provides broker-dealers international DMA
- Lowers operational and management costs
- Pure agency trading
- No crossing or internalization of trades
- Minimizes counterparty risk - agency trades have less chance of failure
- Provides a single point of entry for all markets
- Provides faster price discovery
- Complete anonymity for institutional investors: trading and settlement process protects clients' identities
- Buy-side front-end neutral
- GlobalX supports FIX connections from all major buy-side order management systems and network providers
- Tradeware standard of matching every trade within 24-hours makes T+1 a reality