Bank of China International live with GL Stream
GL Trade, global provider of integrated software solutions to the financial institutions, announces that Bank of China International (BOCI) have gone-live with GL STREAM, to support their sales and trading activities on the Hong Kong Stock Exchange.
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BOCI are also the first client to adopt GL TRADE front to back solution in ASP mode.
The deal has seen BOCI implement GL STREAM to support operations in Hong Kong, New York and London to automate the passage of order flow from these distributed sales desks to the central trading desk in Hong Kong. GL STREAM delivers a range of trading and order management functionality including order life cycle management, program trading, FIX client connectivity and allocation. GL TRADE also offers order routing capabilities and market data to the Hong Kong Exchange.
Commenting for BOCI John Lau, Executive Director said, "We have seen an increase in volumes and needed to automate the interaction between our traders and sales desks around the world. Automation is the key to improving productivity since it reduces the potential for errors which is inherent when re-keying orders from distributed sources." He added, "GL STREAM gives us the flexibility and capacity to optimize the sales to trader relationship and the potential to diversify to other markets e.g. China. This ultimately means a better service offering to our customers and that is our main goal."
Gregory So, Regional Sales Director commented, "We are thrilled that BOCI is in stable production with GL STREAM. Establishing our first live client on the GL STREAM ASP mode is an important step forward for GL TRADE and we look forward to supporting them to grow their business and achieve success."