OMS

Summary of key features and benefits:

GBST OMS interfaces direct to the ASX Derivatives Trading Facility,

and caters for options contracts with future capabilities to connect

to multiple markets and products. GBST OMS interfaces to

GBST DCA for clearing and settlement with ASX Clear.

GBST’s Order Management System (OMS) is a derivatives trading platform that allows immediate capture of order details and all subsequent actions including submission to market, order execution, amendments and allocation to client/house accounts.

Fig. 1 - GBST OMS

Interface with GBST DCA

■ The interface between GBST DCA and GBST OMS assists with the quick and accurate generation of orders. From GBST DCA Account Explorer, an adviser is able to click on an established open position and choose ‘New’, ‘Roll’ or ‘Close’.

■ Order allocations are automatically updated in GBST DCA immediately after the fill.

■ Commissions can be specified at order placement or at a later time by the adviser or operator. This can be entered manually or defaulted to the GBST DCA schedule.

■ Communications from operator/adviser using GBST OMS notes are sent to GBST DCA users as a Broadcast Message.

Compliance and reporting capabilities

■ Search using broad criteria over a specified date range; order history, trade history, fills, quote requests.

■ Full audit trail of all users and events.

■ Identifies staff and suspense accounts for compliance reporting.

■ Users can search orders previously executed on GBST OMS (if applicable).

■ The use of an electronic ‘Order Pad’ enables GBST OMS to store full details on the life of the order. This includes adviser, operator and system history.

■ Includes the Order Advice which can be customised to the broker’s requirements.

■ All reporting can be exported to CSV and PDF formats for easy distribution.

Quick/Easy submission and amendment of orders to market

■ The ability to create single and TMC (with calculator) orders quickly, with the ability to submit multi orders from the one form.

■ The ability to amend and cancel orders easily and to automatically alert operators of the change.

■ GBST OMS notes allows for easy communication with advisers without spending excess time on the phone.

■ Not required to update advisers verbally.

Flexible orders

■ Single, TMC or Basket orders available for trading.

■ Can choose from a range of order types such as ‘Market’, ‘Limit’, ‘Market to Limit’, ‘Best Limit’, thereby allowing the operator to obtain the best price possible.

■ Can ‘hold and release’ orders at the preferred time, for example; market open.

■ GBST OMS detects potential crossings before orders are submitted to market and fully caters for both ‘cross with book’ and ‘2 sided’ crossings.

■ ‘Adviser Mates’ allows advisers to share their order book or can transfer their orders to another adviser.

Real-time market data and order updates

■ The ability to view real time market data, price and order depth, trades and market announcements

■ Advisers can submit quote requests from the order pad direct to market without operator intervention.

Fig. 2 - GBST OMS Order screens

Technology

The new GBST Order Management System (OMS) is built using the latest web and enterprise Java standards.

The system incorporates technology for Transactional Management, Enterprise Messaging, In Memory Caching and Clustering to provide high availability (HA) and scalability of the application to meet the demands of any organisation in protecting the integrity of their trading execution and information.

The application allows the initiation of processes such as an expiry of orders (EOD) or a replication of GBST DCA accounts, so that new accounts and groups can be traded on immediately.

Fig. 3 - GBST OMS Market Data

Brisbane

Level 4, West Tower 410 Ann Street Brisbane QLD 4000 Australia

Phone: +61 7 3331 5555 Fax: +61 7 3839 7783

Sydney

Level 24, 259 George Street Sydney NSW 2000 Australia

Phone: +61 2 9253 6555 Fax: +61 2 9253 6581

Melbourne

Level 3, 412 Collins Street Melbourne VIC 3000 Australia

Phone: +61 3 9617 5555 Fax: +61 3 8686 1486

www.gbst.com

For more information, please contact GBST by emailing info@gbst.com