GL Trade has refused to comment on reports that it is in negotiations with India's Multi Commodity Exchange (MCX) to provide it with a gateway to the exchange for its members. The software would enable brokers to access MCX products alongside existing products on other exchanges, reported Business Standard which quoted a senior official at the company, Alastair McAlpine saying, "We are in discussion with MCX to develop a product for trading, market data and risk management." A GL spokeswoman told FO Week the company did not wish to comment further.
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