Online group buying has taken off in a big way in the Australian market, with the market now worth nearly nearly half a billion dollars and significant growth predicted over the next 12 months and beyond.read more
The Commonwealth Bank’s institutional equities division has selected the shares platform of global IT services provider to the financial services sector, GBST, to support its institutional broking services division, and as the backbone of its trading system.
CBST CEO, Stephen Lake said the company’s specialised domain knowledge and continued investment in its technology makes “GBST Shares and the new Syn technology platform the most advanced technology for the clearing and settlement of equity transactions,” and, he added “demonstrates confidence in our plans to introduce the next-generation Syn technology into Australia.”
According to Lake, GBST Shares connects market participants to a growing network of financial products and services that manage equity transactions, third-party clearing and margin lending, as well as supporting financial instruments such as bank bills, bonds, foreign equities, term deposits and other cash products. “GBST’s new front office system is in user acceptance testing and scheduled to be installed during FY2011.”
David Bass
| Diversified industrial manufacturer Eaton Corporation has today launched a new set of enclosure power distribution units, ePDUs, that prov…
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