Julius Baer Brokerage Europe has acquired an order management system from GL Trade for its trading rooms in Amsterdam, Frankfurt, Madrid, Milan, Paris and Zurich.
GL Trade says its GL STREAM Front to Back solution enables management of an order throughout its life cycle, from initiation, through client confirmation, to clearing and settlement.
Julius Baer’s sites in Zurich and Frankfurt are already fully operational. The Paris office will be operational from March 2004.
“We will also be able to harmonise our IT architecture at a European level, thus reducing operating costs,” says Christian BOILLOT, Chief Operating Officer at Julius Baer Brokerage.
Natalie Samson, Director of GL TRADE’s STP Business Line, claims that GL STREAM Front to Back is a genuine multi-market, multi-instrument and multi-currency STP platform.