PreferredTrade to implement Access International's STP suite

PreferredTrade to implement Access International's STP suite

US broker dealer PreferredTrade is to implement Access International's Global Product Suite (GPS) in conjunction with IBM’s STP Workbench for e-business programme.

San Francisco based PreferredTrade will use the Access International software for execution, clearing, settlement and accounting across the firm’s product lines. GPS will also enable PreferredTrade to improve the efficiency of its front-end trading platform claims the vendor.

GPS is a Java-based global security master software application, on an IBM RS6000/AIX platform utilising IBM’s WebSphere Application Server and DB/2 database technology.

PreferredTrade is scheduled to go live on GPS in Q1 next year, but will initially limit use to US and Canadian securities.

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