Source: GL Trade
GL TRADE, the global provider of integrated software solutions to international financial institutions, announces seven financial companies are live with its middle office solution GL CLEARVISION on Tokyo Stock Exchange (TSE).
With the introduction of TSE's give-up functionality on January 15th, GL CLEARVISION for TSE was ready to allow these firms to take advantage of its automated give-up functionality. TSE provides a marketplace for transactions on securities, futures and options.
"Derivatives clearing in Asia is booming; that's why the TSE launches give-ups" comments Charles-Henry Choël, Deputy Regional CEO GL TRADE Asia. "GL TRADE continues to support this trend. After having implemented systems to realize the middle office operations of our clients on Osaka Securities Exchange and Tokyo
Financial Exchange, we were the only ISV to allow its clients to process TSE's give-ups from the launch's day."
"These new GL CLEARVISION customers on the Japanese derivatives market reinforce the global position of GL CLEARVISION as the leading middle-office platform for the Futures & Options industry," adds Laurent Jacquemin, Global Head of Post Trade for Derivatives, GL TRADE.