IBM and Wilco International today have entered into an agreement that will see Wilco's
global securities processing and settlement system, Gloss, used to provide the back office securities processing and settlement component of IBMs Straight Through Processing STP Workbench for e-business for brokerdealers. In return IBM will provide sales and integration services for Gloss, which Wilco will continue to develop, market and sell.
Gloss is a real-time integrated system for trade processing, clearing, settlement and accounting. It supports a range of financial instruments, including international equities and warrants, as well as bonds such as international sovereign debt, non-sovereign debt, emerging markets and floating rate notes. Gloss has been implemented in agency...
