GL Trade to connect South African customers to trading network with Decalog
14 May 2003 | 3319 views | 0
GL Trade is using SunGard Investment Management Systems' Decalog software to connect asset managers in South Africa to its global electronic trading network, GL Net.
Decalog - a front and middle-office straight-through processing (STP) package - is being supplied by SunGard's South African distributor Ensemble.
Lionel Sancenot, managing director, GL Trade South Africa, says the connection will also enable asset managers to route orders to brokers in electronic format using the FIX protocol.
Ensemble says the implementation is the starting point for asset managers in the country to be connected to the global financial markets community.
GL Trade claims that 60% of brokers in South Africa are currently using its products.