GL Trade upgrades middle office system; enhances market data product

Source: GL Trade

Today at TradeTech 2008 GL TRADE, global provider of integrated multi-market and multi-asset solutions for financial institutions, announced the launch of its new enhanced version of GL RIMS Middle Office.

The solution, which provides real-time middle office processing for securities, can now offer clients direct market access to any front office system, fully automating trades and reducing the risk from manual processing.

Deployed at more than 20 clients' sites worldwide, GL RIMS Middle Office is a flexible and easy to install platform with a new Service Oriented Architecture feature that allows smooth and efficient connections with other third parties within a company.

Buy- and sell- side clients also benefit from an improved user interface and screens that enable them to enter information in a more consistent and logical flow. Users are also able to focus immediately on trading exceptions by using the new real-time colour coded broadcast. With this new version of GL RIMS Middle Office, clients are able to reduce back office costs by merging market executions.

Alex Walker, Global Head of GL TRADE's post-trade for securities business line commented: "As more and more clients demand block level confirmations, it has become an increasingly important feature for brokers wanting to attract new business. With this new enhanced version of GL RIMS, we have made it possible for clients to be able to automatically handle incoming allocations and production of multiple messaging types, including FIX, SWIFT and OASYS. We also have a new powerful user interface which allows new business to be set up quickly and easily."

Separately, GL TRADE, global provider of integrated multi-market and multi-asset solutions for financial institutions will launch the latest addition to its market data product suite, MarketMap Plus.

Providing financial professionals with comprehensive market data and analysis, GL TRADE has specifically developed MarketMap Plus to support traders in their price discovery and decision making processes.

This includes a new faster link to Excel spreadsheets, global alerts for 24x7 market monitoring and the ability to create dynamic charts using Object Linking and Embedding (OLE).

In addition to displaying and analysing real-time and delayed market data from over 160 global exchanges and OTC sources, MarketMap Plus includes specialised financial data to support trading floors, including:
  • Global equity ownership information;
  • Economic & financial indicators;
  • Corporate actions;
  • Fixed income credit ratings;
  • Constituent weightings

    Financial institutions are demanding access to broader market coverage, enriched analysis tools and increased monitoring capabilities. GL TRADE MarketMap Plus offers them all of this and more, including peer group lists for sector analysis, sophisticated calculators and user defined fields for scenario simulations and large data capacity for market wide performance comparisons and decision support.

    Robert Jeanbart, Global Head of GL TRADE's Information Services business line comments: "MarketMap Plus is a highly competitive and cost effective solution that provides clients with all the financial market data they need to support their trading decisions. Because it shares the same platform as the other MarketMap terminals, clients can now have one GL TRADE market data solution serving all users but offering different sets of functionality and data. In this way they can smoothly manage deployment, continue to have a tight grip on costs and capitalise on an environment they are familiar with; all managed by our SMART entitlement system."

    Alongside MarketMap Plus and completing GL TRADE's Information Services product suite are MarketMap, a professional Microsoft Windows based terminal, MarketMap Web, a flexible zero-footprint terminal accessible anywhere via the internet and MarketMap Mobile, a "go anywhere" PDA version.
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