GBST completes fourth live GBST Syn~ installation in Australia
GBST has successfully migrated the back and middle-office operations of Deutsche Bank from GBST Shares to the GBST Syn~ platform.
The GBST Syn~ platform would now live-operate Deutsche Bank’s equity market trades in Australia.
GBST head of Asia-Pacific, Denis Orrock said: “Following Deutsche bank’s activation, the GBST Syn~ platform now processes more than 25 per cent of Australian equity markets”.
“This…further validates GBST’s long-term strategy of building a new generation platform to replace GBST Shares.”
The benefits of the GBST Syn ~ platform included greater automation, better control and visibility of processes, and increased integration capabilities.
Managing director and chief executive, Robert DeDominicis, said: “The success of this installation demonstrates the value that our significant infrustructure and domain expertise contribues”.
“We were delighted to work in partnership with Deutsche bank to create an optimised solution for post-trade processing.”
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