Wilco, HKEx Seek Clients for A/P Venture
STP & OPERATIONS
HONG KONG--Back-office STP systems vendor Wilco International is in talks with 20 of the 40 Asian broker-dealers it has identified as potential clients for its recently launched back-office outsourcing services via a joint venture between the vendor and Hong Kong Exchanges and Clearing (HKEx), according to Wilco officials.
The outsourced service, dubbed Gloss STP Bureau, is an ASP-delivered back-office system built around the vendor’s Gloss processing system and offered through the Wilco
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