Tradeware™ GlobalX
Cross-Border Trade Execution & Settlement Service
In today's markets, broker-dealers are under pressure to offer their institutional clients an access to global markets. However, traditional cross-border clearing and settlement processes make global trading on any sizable scale cost-prohibitive for most broker-dealers. Tradeware GlobalX is a neutral global broker-to-broker network that enables its members to conduct cross-border trading on an agency basis with the same efficiencies as brokers in the local markets.
SS&C GlobalX solution provides broker-dealers with simplified, integrated cross-border trade execution and settlement without the regulatory burdens and costs typically associated with cross-border access - enabling any broker-dealer, regardless of their size and capital structure, to offer their institutional clients a reliable anonymous global DMA.
"provides broker-dealers with simplified, integrated cross-border trade execution and settlement"
GlobalX benefits:
- The cost-effective alternative to correspondent clearing for pure agency trading
- Hub-and-spoke Care, DMA and Algo access to brokers in over 80 countries
- Low operational and management costs
- No crossing or internalization of trades
- Minimized counterparty risk - agency trades have less chance of failure
- Full trading and settlement support, with 24-hour trade matching standard
- Complete anonymity for institutional investors
- Backed by FIXLink connectivity network - supports FIX connections with all major buy-side trading platforms and network providers