Evolution Securities selects GL RIMS ASP solution

London - 4 September 2007

GL TRADE, the multi-asset provider of front to back office integrated solutions for
international financial institutions will provide Evolution Securities with its full middle and back office solution.

Evolution Securities provides equity research, institutional sales and trading, market making, investor relations, corporate broking and corporate finance advice to its clients.

Evolution Securities selected GL RIMS ASP solution to support their market making and agency business for UK and international equities and fixed income. GL RIMS provides multi company and multi currency support to segregate Evolution UK, Asia and US operations which will be fully automated using middle and back office functionality. Breadth of instrument coverage, exception-based workflow, automated inventory management and stock lending were key factors in the selection of the system which will be hosted by GL TRADE.

Tim Valmas, Director of IT commented: “After an extensive evaluation of the vendor market, we choose GL TRADE as the most suitable solution to meet our business and technical objectives over the next five years. The continued growth in our business, both in size and scope, has driven a requirement to highly automate our processing environment minimizing manual processes, and we needed a new solution with a high-level of straight through processing on a robust established platform.”

He added that: “GL RIMS was chosen based on the quality of the product along with the experience and knowledge of the GL TRADE staff, both of which gave us the confidence that we can achieve the aggressive timescales we have for implementation. The selection of GL RIMS was aided by the fact that it is being used across a diverse range of organisations, both in the UK and worldwide. This gave us the added confidence in the product and the relationship with GL TRADE.”

Alex Walker, Global Head of the Post Trade Securities Business Line at GL TRADE comments: “Evolution Securities are a highly professional and innovative investment bank, we are proud to have been chosen as their long term partner. The essence of Evolution Securities’ culture, to provide the best service and the most professional people in their market, is synonymous with our own. We have an excellent understanding between both teams and look forward to the successful completion of this project”.

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