Julius Baer Brokerage selects GL Stream for order management
30 January 2004 | 5369 views | 0
Julius Baer Brokerage is rolling out GL Trade's order management software, GL Stream Front to Back, across its European offices.
The brokerage, which was sold by the Swiss bank to US private equity investment firm Lightyear Capital last year, will install the product across its offices in Amsterdam, Frankfurt, Madrid, Milan, Paris and Zurich.
Paris-based GL trade says its GL Stream product is a multi-market, multi-instrument and multi-currency STP platform that manages the entire lifecycle of a trade, from creation through to confirmation and settlement.
Christian Boillot, COO, Julius Baer Brokerage, says the system works with the firm's existing tools and is integrated with its middle market platform, GL Linkvision.
"We will also be able to harmonise our IT architecture at a European level, thus reducing operating costs," adds Boillot.
The software is already operational at the broker's offices in Zurich and Frankfurt and due to go live in Paris in March.