18 August 2017
visit www.avoka.com

SocGen securities hub implements Wilco's Gloss

08 August 2001  |  3879 views  |  0 SocGen securities hub implements Wilco's Gloss

SG Securities in London, the pan-European settlements hub for the SocGen brokerage network, has gone live on the Gloss securities processing system from Wilco International.

SG Securities is initially using the Gloss back office package to provide straight-through processing from trade capture through to settlement for international equity trades. The system has been wired up to provide connectivity to Euroclear, Crest(reporting) and Thomson ESG's Oasys Global Direct for electronic trade confirmation.

The package will be used to process both own account principal trades and agency trades executed on behalf of SG Securities clients. The bank has implemented Wilco's Print Adapter for automating the production of printed client communications and for telex and fax communications.

SocGen is also using Wilco's STP Explorer exceptions investigation and repair tool and the Gloss corporate actions system to deliver automation for dividends payments.

The first phase has been installed over a period of seven months, with the next phases of implementation covering UK agency and UK principal for equities due by June 2002.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

E*Trade Australia contracts with Wilco for Summit back office system

E*Trade Australia contracts with Wilco for Summit back office system

29 June 2001  |  3695 views  |  0 comments
Investec goes live on Wilco's Gloss STP Bureau

Investec goes live on Wilco's Gloss STP Bureau

14 June 2001  |  2860 views  |  0 comments

Related company news


Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8647 views comments | 1 tweets | 3 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7033 views comments | 18 tweets | 22 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
6588 views comments | 20 tweets | 22 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5827 views 1 | 5 tweets | 3 linkedin

Featured job

Find your next job