GL TRADE Completes Its Derivatives Back-Office
Jun 9, 2008
GL TRADE, global provider of multi-asset and multi-market solutions for financial institutions, expanded its back-office product component suite with Instant Brokerage. A latest addition designed to manage and automate electronically traded derivatives’ brokerage processes.
Instant Brokerage is a dedicated solution aimed at futures and options firms offering brokerage services, execution (Give Up - receivables) and/or clearing (Take In - payables) processes. Instant Brokerage offers a complete solution including capturing trades, managing brokerage fees and commissions, generating invoices and issuing accounting entries.
Versatile invoicing features, full reconciliation process between payments and invoices, powerful drill-down capabilities and aging allowing users to control outstanding invoices and easily manage debtor tracking are the main benefits for the component’s users.
In addition Instant Brokerage can be deployed in-house or in ASP mode of operations. It can also be fully integrated either with GL TRADE’s systems (CLEARVISION/UBIX), or with other back-office legacy systems.
Laurent Jacquemin, Global Head of GL TRADE’s post-trade for derivatives business line, adds: “Our clients have selected Instant Brokerage to streamline their invoicing process and consequently to accelerate their payment recovery.”
Instant Brokerage will be showcased at the International Derivatives Expo (IDX). Delegates who want to find out more about the component and its business benefits will be able to meet with GL TRADE’s post-trade for derivatives representatives at booth 1 & 2 at IDX, The Brewery, London on 10th and 11th of June.
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