Advantage Securities LLC, a wholly owned subsidiary of Advantage Futures LLC, has gone live with GL TRADE Capital Markets Solutions’ ASP application, ASPEN for its front to back government securities trading operation.
Advantage Futures LLC is a futures commission merchant and is a clearing member of the Chicago Mercantile Exchange, the Chicago Board of Trade, the Intercontinental Exchange The London Clearing House, The Clearing Corporation as well as a technical clearing member of Eurex and a foreign approved participant of the Montreal Exchange.
“The ASPEN solution offers the ideal combination of functionality and technology. Its ASP deployment along with GL TRADE’s knowledgeable development and implementation team allowed us to get the system up and running quickly. Its connectivity capabilities and the flexibility of the solution allowed us to customize the system to meet our specific requirements. We are pleased to be working with the ASPEN team,” says John Schlaefke, Advantage Securities.
“We’re thrilled to partner with Advantage Securities. With ASPEN, Advantage’s operations team is able to quickly reconcile positions, settlements, and financing activities allowing them to devote more time to their clients. Easily scalable with cross product support, the system will continue to support Advantage’s and their client’s needs and growth objectives going forward,” adds Steve Yerkes, director, GL TRADE Capital Markets Solutions’ ASP Operations.