The Government of Singapore Investment Corporation (GIC) has bought the GL RIMs back office application from GL Settle, the back office arm of GL Trade.
The new system is being used to handle electronic trade confirmation and messaging via SWIFT for various instruments.
The GIC is a fund management company established in 1981 to manage Singapore’s foreign reserves. It trades internationally in equities, fixed income, money market instruments, real estate and “special investments.”
“It has been an honour to work with GIC,” says Nicolas Levy CEO of GL SETTLE. “Their clear requirements have made it one of the more interesting projects to implement. It is satisfying to be recognised as a value added provider by the GIC users.”