New York, NY - October 15, 2001 - ADP/OMR, a division of ADP (NYSE: ADP) Brokerage Services Group, announced today that Global Netrade Securities Co., Ltd. (GNET) is using ADP/OMR’s ASP model for its transaction processing. In August, this Tokyo-based brokerage firm signed a multi-year agreement to utilize ADP/OMR’s TradeThruTM application for its futures and options business.
TradeThru is a multi-product, multi-entity, and multi-currency trade processing solution with full Straight Through Processing capabilities. It delivers fully automated front to back office functions throughout the lifecycle of a trade, starting with fast and flexible deal capture, portfolio and risk management functions, all the way through to trade processing, confirmation, and settlement. Available as a license or outsourcing solution, TradeThru is used by many of the world’s top financial firms.
ADP/OMR’s commitment to providing clients with new and innovative technologies to establish a competitive advantage in the marketplace was the driving force behind the speed and success of this implementation. Powered by the latest web-based technologies, TradeThru provides ADP/OMR treasury and alternative investment clients with a state-of-the-art technology platform to process their transactions.
Global Netrade Securities, is using TradeThru to process derivatives trading activities for exchange options and futures. TradeThru’s Java front-end along with an Oracle RDBMS, and a secure connection via the Internet enables the seamless communication of data to this powerful trade processing platform. GNET signed a contract in August 2001 and went live in September 2001. The speed at which the implementation occurred is a direct result of their taking advantage of ADP/OMR’s ASP model. GNET has no software installed in Tokyo, ADP/OMR runs and maintains the application.
Speaking about the decision to opt for ADP/OMR’s TradeThru bureau solution, Edwin Kofi Sarfo, Chief Executive Officer at GNET said, "We required an immediate solution for our futures and options processing needs. TradeThru meets all our requirements, and we were live in less than three weeks. ADP/OMR offered excellent support during and after the conversion. The decision to use TradeThru will enable us to respond to our customer needs more efficiently and grow our business at an accelerated rate."
"TradeThru provides our newest client GNET, and all our clients, with a strategic foundation for future growth," said Ed Gallagher, Managing Director, Global Head of Sales at ADP/OMR. ADP/OMR is uniquely qualified to offer clients secure and confidential services, operating as a third-party service provider for over 20 years. As a leading global supplier of treasury software and solutions, ADP/OMR continually develops innovative ways to meet the long-term business needs of its clients.