The suite comprises GL Trade’s Traderwatch, GL Clearvision and Ubix. The three products are completely integrated and, implemented on the same hardware with a centralized single database (Oracle).
The order management from front to middle to back-office is entirely automated yet flexible, which will help CLSA to focus on exception management and client delivery in real-time. Due its high-scalability, GL Trade suite should enable CLSA to grow its volumes and clearing memberships without having to increase its overheads.
We had been using the solution of one of the leading provider[s] locally. We felt our business had got to the point where it had outgrown the capabilities of both the system in areas such as global margining and of our former supplier to be able to provide an appropriate level of service and support to our business expansion requirements, which includes a number of sites in Asia, commented T Rajah, CIO at CLSA.
GL Trade, with its comprehensive regional reach in the Asia-Pacific area provides a service of genuine regional/global reach and local touch. Working with GL Trade, we also greatly appreciate the possibility to deal with a single company for all our business requirements. We see great benefit in the commercial economies of scale that a single company solution offers.
