GL TRADE announced that Australian broker, BrokerOne Pty Limited, has chosen to renew and extend its UBIX licence for managing their complex and quickly growing trading activity.
UBIX, GL TRADE’s post trade derivatives operational solution, provides listed and OTC derivatives clearing and settlement for over 60 exchanges. It uses the open and secure ORACLE 9i and 10j based system and is utilized by more than 80 customers worldwide.
Fergus Lamb, chief operations officer at BrokerOne Pty Limited says, “UBIX’ functionality, modern technology, innovation and professional support capability was important in our decision making. We are also impressed with GL TRADE’s commitment and the investment they are making in Asia. UBIX is a strategic platform for us as it provides scalability and the ability to offer our clients new products with a faster time -to-market.”
Peter Brook, GL TRADE Australia’s Business Development and Client Services Director, comments: “We are really pleased to sign BrokerOne. BrokerOne was the first Australian client to use UBIX and we expect to announce more new customers in the near future. With this solution, we deliver the required combination of leading edge functionality and advanced modern technology perfectly suited to our customer’s business profile of a global clearing provider.”