This leading edge technology from GL TRADE, the leading provider of financial data feed, clearing, trading and settlement solutions, manages an order’s lifecycle from its creation on the buy side up to confirmation and delivery to the back office with information required for clearing and netting operations. In this way, Noah now benefits from a global trading platform as well as resultant lower internal operating costs. The new technology also automates and secures functions such as risk management and speedy order transmission between investors, sellers and brokers.

"With the GL STREAM™ system, we can automate order flows while reducing both the risk of error and execution times" explains Kevin Swart, Chief Operating Officer from Noah. "We will thus be able to devote more time to our client servicing activities while meeting transactional client needs securely and quickly" he says. Noah joins leading stock broking firms in the country to operate on such a world-class system.

With this platform, both local and international asset management companies can route their orders electronically to Noah. The connectivity is facilitated via a 'FIX' protocol interface and dedicated GL BUY SIDER screens. FIX protocol is a messaging standard system developed for the real time exchange of financial transactions on a global scale. The GL BUY SIDER is a userfriendly order interface screen, offered by GL TRADE and used by investors and asset managers to exchange trading information electronically with stockbrokers.

In addition, Noah has established an exclusive marketing partnership with GLTRADE, to provide GL BUY SIDER screens to the South African asset management industry. Noah’s strong empowerment credentials should add to its expansion through affirmative procurement by local asset managers.