The UK-based Evolution Securities has selected GL Trade’s RIMS ASP solution to support their market making and agency business for UK and international equities and fixed income.
GL RIMS provides multi company and multi currency support to segregate Evolution UK, Asia and US operations which will be fully automated using middle and back office functionality. Breadth of instrument coverage, exception-based workflow, automated inventory management and stock lending were key factors in the selection of the system which will be hosted by GL Trade.
Tim Valmas, director of IT at Evolution Securities, said: After an extensive evaluation of the vendor market, we choose GL Trade as the most suitable solution to meet our business and technical objectives over the next five years. The continued growth in our business, both in size and scope, has driven a requirement to highly automate our processing environment minimizing manual processes, and we needed a new solution with a high-level of straight through processing on a robust established platform.