ADP Wilco upgrades Gloss platform

ADP Wilco upgrades Gloss platform

ADP Wilco has released the latest version of its international securities processing platform, Gloss, which includes extended instrument coverage and market connectivity and improved data access.

The new release - Gloss version 5 - supports international fixed income, repo and stock lending operations. This incorporates support for index rate and variable rate repos, as well as a range of Japanese repo types including Shin Gensaki and Genkin Tampo.

The system is also complies with the upcoming Swift SRG mandatory changes in November 2003, and provides connectivity to Euroclear via both the Radianz and SwiftNet networks. In addition, the system includes enhanced messaging to Crest for both stock lending and unmatched/alleged reporting.

The upgrade includes standardised feeds and can also support around-the-clock real-time processing for operations based across multiple time zones, each of which can be managed simultaneously.

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