Wilco International has developed a two-way interface between its retail and private client stockbroking system, Tarot and its institutional trade processing and settlement solution, Gloss.
The interface enables Tarot users to access the Gloss system's real-time two-way connection to international clearing and settlement services, including Euroclear, Ccass and Jasdec, either directly or through the Swift network.
Tarot already includes international processing capabilities for order processing, client valuations and client cash settlement, with custodian connectivity for market settlement. External connectivity via Gloss is available on an outsourcing basis or on-site.
Amanda Fisher, product manager, Wilco International, says the new interface will enable clients to increase their service and cost competitiveness in the global retail markets.
Other interfaces available with the Tarot system include links to order book services, UK retail service providers and Crest.