Wilco International, a London-based provider of settlement systems, has introduced a wireless application protocol (WAP) prototype that will enable clients to remotely access Wilco's Order Management and STP Explorer exception-handling systems through WAP devices. These include mobile phones, PDAs and beepers, which can be used for the routing and management of international debt, equity and money market instruments. A spokesman for Wilco emphasizes this is just a prototype and will be rolled out depending on client interest.
The spokesman explains that using the new tool, a client can enter a trade, check the status of an order or correct an exception while in a meeting, on the road, or, say, on the golf course. The operations professional can also use the WAP exception-handling application to display a list of processing and business exceptions on Wilco's trading and settlement system, dubbed Gloss. "Using the WAP device, the user can drill down to inquire about the details of an individual exception, and resubmit the exception for processing, if required," the spokesman says.
Wilco's WAP application-which was developed by a group led by Wilco's head of research and development, Dina Ahir---runs on a Java-enabled Web server. It uses Java servlets to process requests from the WAP devices and generate responses---all based in wireless markup language (WML)-which is the language used to display data on WAP devices. Furthermore, Wilco uses its Enterprise Broker middleware product to integrate the WAP application with the Order Management and STP Explorer systems through a Java server.