KGI Signs Up for ADP Wilco Platform in Asia Pacific
KGI, an investment bank in Taiwan, has signed a new multi-year agreement to use ADP Wilco’s international trade processing and settlement system, Gloss. The new agreement will extend KGI’s relationship with ADP Wilco and the Gloss system which first commenced in 1999. KGI is using Gloss to process equity trades conducted on an agency basis, together with some fixed income and FX trades. The majority of the trades are executed in Hong Kong but KGI’s trades in Taiwan, Thailand, Japan and other South East Asian markets are also processed on Gloss in Hong Kong. Gloss also provides KGI with a flexible and scalable platform to support areas of new business expansion.