GBST wins “Best Institutional Settlement System” at Goodacre Awards

18 May 2011

Key customer and user of GBST Syn~ technology – Penson Financial - wins award for Best Clearing Service.

It was a double whammy for GBST at the Goodacre Awards on Thursday evening, 12 May. GBST won the award for “Best Institutional Settlement System”, whilst a major client and user of GBST Syn~ technology won the award for “Best Clearing Service”.

Patrick Salis, CEO - Global Broker Services of GBST, said: ”It was an excellent night. Not only did GBST win its own award but Penson Financial, a key customer and user of the Syn~ technology, won the award for “Best Clearing Service. These awards are testimony to the robustness of our technology, as well as our ability to provide clients with flexible solutions which are continuously enhanced as markets change.”

According to Goodacre, GBST won the “Best Institutional Settlement System” award because it “provides clients with a future-proofed multi-asset and multi-market solution across all considerations. Developed using the latest technology to provide functionally-rich settlement solutions, this firm provides a flexible solution to clients globally.”

Penson Financial was awarded Best Clearing Service as it is “the provider of clearing services to firms globally, supporting Model A, Model B and custody services. The solution is multi-asset class, multi-market and multi-currency and is highly automated, fast and efficient. The solution is flexible to meet client preferences, user friendly and continuously under development and enhancement in response to client feedback and market and regulatory changes.”

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