MainFirst Hong Kong Live on GL TRADE Platform for Korean and Taiwanese Markets
GL TRADE has announced that MainFirst Securities Hong Kong has gone live with the GL RIMS middle and back office platform for their post-trade processing on Korean and Taiwanese markets, in addition to its existing Asian Pacific markets.
MainFirst says that it selected the solution for its real-time capabilities such as the transaction capture feed from the front office. GL RIMS also automates settlement instructions to custodians, trading ledger and position keeping. Thanks to the interface with Omgeo CTM, the client benefits from full straight-through processing (STP) for confirmations to their clients and allocations management.