amongst other benefits, will allow the group to reduce operating costs whilst increasing security in areas such as risk management and automating the Sales to Dealer relationship.
The GL STREAM(tm) Front to Back solution enables management of an order
throughout its entire life cycle, from creation to client confirmation and supply to the back office of the information required for clearing and settlement.
JULIUS BAER BROKERAGE's sites in Zurich and Frankfurt are already fully operational. The Paris office will be operational from March 2004.
"GL STREAM(tm) - Front to Back works with all our existing tools such as our
GL TRADE Gateways for market access, and is fully integrated with GL LINKVISION, our middle market platform, thus offering us a seamless order processing chain." notes Christian BOILLOT, Chief Operating Officer at JULIUS BAER BROKERAGE. "We will also be able to harmonise our IT architecture at a European level, thus reducing operating costs."
Natalie Samson, Director of GL TRADE's STP Business Line, adds, "When seeking to expand internationally, it is essential that companies give themselves a trading solution that can process growing volumes of transactions and that can adapt rapidly to business development strategies. The GL STREAM(tm) Front to Back is a genuine multi-market, multi-instrument and multi-currency STP platform that our clients can use to develop innovative solutions such as
program trading and order crossing."