ADP Wilco announces new release of its Gloss international trade processing and settlement platform

Automatic Data Processing, Inc. (NYSE: ADP) subsidiary ADP Wilco has announced the latest release of its international securities processing platform. The new release, Gloss version 5.1, is now available and includes a range of additional features and functional enhancements that have been added in response to market demand.

Transaction management and reporting enhancements include the ability to add proactive follow-up requests to trades after the trades have been captured on the system. ADP Wilco has also increased its support for short-sell trades, and a supervisory feature has been added for SWIFT processing, enabling the viewing and monitoring of outgoing SWIFT messages.

Connectivity has been added to enable Gloss to interface to ADP Wilco’s German market reporting suite for Paragraph 9 transaction reporting to the Germany regulator, BaFin.

Customer access to data has been further improved through a new XML-based reporting tool, and through the addition of a range of new standard reports.

New cross-border trade confirmation services include 15A6 confirms for US cross-border "flip trades". In addition, a new confirmation template facility has been added to accommodate local language requirements.

Announced corporate action events are now fully integrated in Gloss 5.1. This includes event capture and entitlement processing, position updates, and counterparty claims handling.

Gloss currently processes trades executed in 90 different countries and provides connectivity to over 250 custodians internationally.

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