Australia's BrokerOne extends Ubix license

Source: GL Trade

GL TRADE, global provider of front-to-back office software solutions for international financial institutions, announces that Australian broker, BrokerOne Pty Limited, has chosen to renew and extend its UBIX licence for managing their complex and quickly growing trading activity.

UBIX, GL TRADE's post trade derivatives operational solution, provides listed and OTC derivatives clearing and settlement for over 60 exchanges. It uses the open and secure ORACLE 9i and 10j based system and is utilized by more than 80 customers worldwide. It is a genuinely global platform offering 24 hour time-zone independent processing plus a host of end-client clearing facilities that enable highly efficient and scalable workflows.

BrokerOne is Australia's largest futures broker, specializing in servicing all futures traders from industry professionals to the retail trader. BrokerOne is also a market leader in providing electronic access to both domestic and offshore markets including a 24 hour execution and trading help desk. BrokerOne's dynamic history in the broking industry has put them in a position to provide exceptional market intelligence to all its clients.

Fergus Lamb, Chief Operations Officer at BrokerOne Pty Limited says: "UBIX' functionality, modern technology, innovation and professional support capability was important in our decision making. We are also impressed with GL TRADE's commitment and the investment they are making in Asia. UBIX is a strategic platform for us as it provides scalability and the ability to offer our clients new products with a faster time -to-market."

Peter Brook, GL TRADE Australia's Business Development and Client Services Director, comments: "We are really pleased to sign BrokerOne. BrokerOne was the first Australian client to use UBIX and we expect to announce more new customers in the near future. With this solution, we deliver the required combination of leading edge functionality and advanced modern technology perfectly suited to our customer's business profile of a global clearing provider".

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