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.
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.