Wilco's Gloss Adds Custodian Features Via Banque Generale Du Luxembourg
AFTER THE TRADE
LUXEMBOURG--Development work for the implementation of Wilco's Gloss trading and settlement system at Banque Generale du Luxembourg (BGL) has resulted in new custodian features for the product, and will be offered to other Gloss users as part of the standard product set.
BGL was under pressure to increase processing efficiency due to constantly rising transaction volumes and wanted an STP-compliant system to replace its proprietary legacy systems which were developed in the early 1980s. Gloss
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