Equity research provider Evolution Securities (Evolution) is to adopt software vendor GL TRADE’s middle- and back-office solution, GL RIMS ASP, the firms announced on Wednesday.
According to GL TRADE, Evolution selected GL RIMS ASP solution to support its market making and agency business for UK and international equities and fixed income. The solution provides multi-company and multi-currency support to separate Evolution’s UK, Asia and US operations, says GL TRADE.
“We are proud to have been chosen as Evolution’s long-term partner,” comments Alex Walker, global head of the post-trade securities business line at GL TRADE. “We have an excellent working relationship with Evolution and look forward to the successful completion of this project,” he continues.