Bank of China (Nachrichten) International has gone-live with GL Trade’s GL STREAM to support its sales and trading activities on the Hong Kong Stock Exchange.
BOCI is also the first client to adopt the GL TRADE front-to-back application in ASP mode.
The deal has seen BOCI implement GL STREAM to support operations in Hong Kong, New York and London to automate the passage of order flow from these distributed sales desks to the central trading desk in Hong Kong.
“We have seen an increase in volumes and needed to automate the interaction between our traders and sales desks around the world,” says John Lau, executive director of BOCI. “Automation is the key to improving productivity since it reduces the potential for errors which is inherent when re-keying orders from distributed sources.”