globalXtrade is accepted as a network connectivity provider for SWX Eurobonds

Glox Ltd through its low-cost connectivity product globalXtrade, is the first network connectivity provider (NCP) offering access to SWX Eurobonds, the mutli-dealer fixed income exchange based in Switzerland.

Banks and brokers, who wish to trade on SWX Eurobonds, will be able to connect from anywhere in the world using globalXtrade. GlobalXtrade provides the connection to the exchange at a vastly reduced cost compared to direct connection.

Network linked participants (NLPs) will be able to trade on SWX Eurobonds just like directly connected members. NLPs have the same rights and obligations, trading and settling in their own name, whilst benefiting from the SWX Eurobonds model of fully integrated trading and settlement.

SWX Eurobonds is a segment of SWX Swiss Exchange and currently offers trading is in USD, EUR, GBP and JPY as well as convertibles in EUR and USD.

Quote from Paul Reynolds, Head of European Sales, glox Ltd: "GlobalXtrade has now reduced the cost of connection to a level where many more banks and brokers can participate in the unique exchange based trading model of SWX Eurobonds".

Quote from Ueli Goldener, Head of Fixed Income, SWX Swiss Exchange: "Thanks to NCP, SWX Eurobonds now offers a more cost-efficient means of connection. I wish glox Ltd., as our first NCP for SWX Eurobonds, tremendous success in their endeavours."