Odyssey teams with GL TRADE

29 June 2005 - Odyssey Asset Management Systems, a leader in wealth management & private banking solutions and GL TRADE, the leading provider of electronic trading, order management and settlement solutions, have signed an agreement to jointly market and deliver a new integrated solution.

The solution proposed combines two best of breed market leading applications that guaranty a complete order life cycle processing, from generation to post trade allocation. The global order booking for cash & derivative instruments from GL AOM can be used to support the trade management for all types of assets supported by Odyssey’s Triple’A portfolio management solution.

Through this alliance Odyssey can now provide a multi asset class platform, and an integrated solution for Portfolio, Compliance and Order Management functions. The new combined solution significantly enhances straight through processing capabilities, providing increased productivity for Portfolio managers, Relationship managers, Asset managers and Buy side traders.

The alliance announced today formalizes a relationship between the two companies that began in 2004 when Banque Degroof in Brussels released a complete implementation of the GL Trade Order Management and Trading platform in conjunction with Odyssey’s Triple’A portfolio management system.

Antoine Duchateau, CEO and founder of Odyssey Asset Management Systems says, "Our partnership with GL TRADE allows us to deliver straight-through financial solutions to our clients and we look forward to adding value by supplying an integrated solution for Portfolio Management and Order Management functions."

For GL TRADE, Pierre Gatignol, CEO and co-founder of the leading ISV, says, "Partnering with Odyssey allows us to extend the reach of our Trade Order Management Solution and demonstrates our commitment to getting closer to our Buy Side clients. The smooth integration between the two products creates now a unique and global STP solution for Investment Management Professionals."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development