London-based Yolus says interdealer broker GFI has implemented its cross-product reporting application, Y-Mac.
Y-Mac is being used to consolidate data published by five different trade capture and settlement systems covering a variety of asset classes from cash bonds and equities to energy, credit and equity derivatives.
The technology is also being used to provide senior management staff with a consolidated view of brokerage for internal reporting purposes. Yolus says the application provides a view of the current day's month-to-date and year-to-date brokerage volumes and allows current brokerage figures to be compared with historic brokerage returns.
Commenting on the Yolus implementation, Patrick Murphy, GFI's head of operations, Europe says: "GFI recognised that to support its growth and to consolidate its position as a leading inter-dealer broker, we needed to be able to monitor our business across multiple asset classes through a centralised reporting tool."
Robert Devayya, MD, Yolus says: "GFI faced the same problem that many organisations face, in that their data is held in a number of dedicated front and back office systems. However, GFI recognised that with Y-MAC this did not present an obstacle to realising a consolidated view of client brokerage across all products and locations."
Plans are underway to roll out the technology to GFI's US and Asia Pacific operations, says Yolus.