Van Der Moolen starts trading on SWX Eurobonds using globalXtrade

On the 7th of March 2003, Van Der Moolen went live on SWX Eurobonds.

Van Der Moolen chose to use globalXtrade from glox Ltd, an SWX Eurobonds Network Connectivity Provider . This connection allows for an efficient front end as well as the ability to stream prices using FIX.

Network linked participants (NLPs) are able to connect to SWX Eurobonds for a fraction of the cost of directly connected members, 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: "As an active market maker in the global bond market Van der Moolen selected glox for value and flexibility".

Quote from Paul Humphrey, Managing Director of Van der Moolen UK Ltd "We are delighted to use the services of glox Ltd as our chosen path for connectivity to SWX. Glox have simplified the process of external connectivity providing both efficiency and cost effectiveness. We are also pleased with how they worked closely with our price engine provider, Speedwell Associates Ltd, to ensure a reliable, robust service.

Notes for editors: Glox Ltd. was founded to provide an alternative to direct exchange connection by offering simple and cost-effective exchange access. GlobalXtrade connects banks and brokers to exchanges as members without the usual high costs and system maintenance required of a direct connection.
Our mission is to remove the headaches of maintaining a dedicated trading link, leaving you to concentrate on your core business.

SWX Eurobonds, which went live in 1998, currently has 55 active participants and over 1000 trades per day. More than 1300 Eurobonds are traded on the exchange.

For more details, see the following web links :
www.swx.com
http://www.swx.com/products/eurobonds_en.html