Operations Newsflashes: NUMIS Securities Picks GL TRADE for Back Office, and more

NUMIS Securities Picks GL TRADE for Back Office

NUMIS Securities has signed with GL TRADE to provide the full GL RIMS back-office solutions. NUMIS Securities is an investment bank providing a full range of corporate finance, institutional stockbroker, market making and research services.

Numbs chose GL RIMS for the real-time transaction capture feed from the front office, automation of settlement instruction preparation, interfaces to CREST and general ledger and real-time depot/nostrum positions.

Breadth of instrument coverage, exception-based workflow and automated inventory management were key factors in the selection of GL RIM, which will be hosted by GL Trade.

According to a NUMIS IT official quoted in the release, the growth, "both in size and scope" of the business, drove the firm's need to automate its processing environment and to choose a solution that would provide a high level of straight-through processing on an established platform.

Global Forex Trading Connects Platform to Rolfe & Nolan's Back Office

Global Forex Trading (GFT) will connect the front end of its foreign exchange (forex) trading platform, DealBook FX 2, to Rolfe & Nolan's RISC, a comprehensive back-office processing platform.

Under the agreement, customers of Rolfe & Nolan will be able to white label GFT's DealBook FX 2 software, which allows forex trading and order entry in addition to providing a direct interface to the RISC back-office system.

DealBook FX 2 provides 24-hour access to GFT's currency spreads, basic and advanced position keeping, analytics and charting for the forex market, as well as a Pocket PC application for wireless forex trading.

Rolfe & Nolan says it will deliver a straight-through processing offering for GFT's forex trading platform.

Based in Ada, Mich., GFT supports a global customer based in more than 100 countries through its DealBook FX 2 trading software and 24-hour dealing operation.