ADP Wilco Releases Trade Processing and Settlement Platform
Automatic Data Processing, a subsidiary of ADP Wilco, has announced the latest release of its international securities processing platform. The new release, Gloss version 5.1, includes a range of additional features and functional enhancements that have been added in response to market demand. Transaction management and reporting enhancements include the ability to add proactive follow-up requests to trades after the trades have been captured on the system. ADP Wilco has also increased its support for short-sell trades, and a supervisory feature has been added for SWIFT processing, enabling the viewing and monitoring of outgoing SWIFT messages. Connectivity has been added to enable Gloss to interface to ADP Wilco’s German market reporting suite for Paragraph 9 transaction reporting to the German regulator, BaFin. Customer access to data has been further improved through a new XML-based reporting tool, and through the addition of a range of new standard reports.