Financial software firm GL Trade has announced that seven financial companies are now live on its GL Clearvision middle-office solution on the Tokyo Stock Exchange (TSE). GL Trade says GL Clearvision allowed these firms to take advantage of TSE’s new automated give up functionality, which was launched on January 15.
“Derivatives clearing in Asia is booming; that’s why the TSE has launched give-ups,” says Charles-Henry Choël, deputy regional CEO of GL Trade Asia. “GL Trade continues to support this trend. After having implemented systems to realise the middle-office operations of our clients on Osaka Securities Exchange and Tokyo Financial Exchange, we were the only ISV to allow its clients to process TSE’s give-ups from the launch day.”