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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.