NUMIS Securities Picks GL TRADE for Back Office
NUMIS Securities has signed with GL TRADE to provide the full GL RIMS back-office solutions. NUMIS Securities is an investment bank providing a full range of corporate finance, institutional stockbroker, market making and research services.
Numbs chose GL RIMS for the real-time transaction capture feed from the front office, automation of settlement instruction preparation, interfaces to CREST and general ledger and real-time depot/nostrum positions.
Breadth of instrument coverage, exception-based workflow and automated inventory management were key factors in the selection of GL RIM, which will be hosted by GL Trade.
According to a NUMIS IT official quoted in the release, the growth, "both in size and scope" of the business, drove the firm's need to automate its processing environment and to choose a solution that would provide a high level of straight-through processing on an established platform.
Global Forex Trading Connects Platform to Rolfe & Nolan's Back Office
Global Forex Trading (GFT) will connect the front end of its foreign exchange (forex) trading platform, DealBook FX 2, to Rolfe & Nolan's RISC, a comprehensive back-office processing platform.
Under the agreement, customers of Rolfe & Nolan will be able to white label GFT's DealBook FX 2 software, which allows forex trading and order entry in addition to providing a direct interface to the RISC back-office system.
DealBook FX 2 provides 24-hour access to GFT's currency spreads, basic and advanced position keeping, analytics and charting for the forex market, as well as a Pocket PC application for wireless forex trading.
Rolfe & Nolan says it will deliver a straight-through processing offering for GFT's forex trading platform.
Based in Ada, Mich., GFT supports a global customer based in more than 100 countries through its DealBook FX 2 trading software and 24-hour dealing operation.