Kredietbank Luxembourg starts trading on SWX Swiss Exchange using globalXtrade

Kredietbank Luxembourg went live on the SWX Bonds segment of SWX Swiss Exchange on the 3rd of January 2005.

Kredietbank Luxembourg chose glox Ltd as Network Connectivity Provider for the connection to SWX. This connection provides a fully functional front end as well as the facility to stream prices to the exchange.

As our first customer in Luxembourg, we were delighted when Kredietbank decided to use globalXtrade.
Using our Excel to FIX quoting tool, they were able to integrate their price engine directly with the exchange.

Notes for editors:
SWX Bonds, which went live in 1998, currently has 55 active participants and over 1000 trades per day. More than 2500 International Bonds are traded on the exchange. SWX Bonds provides firm prices which are available on the internet at http://www.swx.com/market/bonds/quotes/international/short/EUR/table_en.html
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.
With globalXtrade, the connectivity process to SWX is quick, efficient and cost-effective.

glox Ltd is a daughter company of Macdonald Associates Ltd., a member of the FIX Protocol Organization.

For more details, see the following web links:
http://www.kbl-bank.com/
www.swx.com
http://www.swx.com/trading/products/bonds_en.html
www.glox.com
http://www.swx.com/swx_messages/2004/swx7604e.pdf