GL TRADE, global provider of integrated multi assets and multi markets software applications to international financial institutions, reveals that a seventh financial company has signed up to GL CLEARVISION, its middle office application for clearing listed derivatives on the Singapore Stock Exchange (SGX).
“As many operations are reaching volumes that can no longer be cleared manually, the functionality of GL CLEARVISION seems to be welcomed by many financial institutions,” says Paul Abrey, senior business analyst, GL TRADE Singapore.
“As many Derivatives Operations are setting up in Singapore, GL CLEARVISION on SGX has often been a right decision for Heads of Operations to complete their regional clearing platform using GL CLEARVISION,” adds Fabrice Oriol, sales director of the businessunit Post Trade for Derivatives South East Asia and North East Asia, GL TRADE .