Brisbane: +61 7 3331 5555 | Sydney: +61 2 9253 6555 | Melbourne: +61 3 9617 5555
Media Releases
GBST's and St George Bank's real time CMT Interface goes live
(April 11, 2006)
GBST is pleased to announce that a real time CMT connection with St George Bank is now available in the GBST network.
"We are delighted that St George Bank will offer CMT access across the GBST network" said GBST's CEO Stephen Lake. "This means our retail brokers can now access another of Australia's largest providers of cash management services using GBST’s CMT processing facility". According to Mr Lake retail advisors now using the St George CMT can view clients’ transactions and current balances, and can also pledge funds. "This improves client service, reduces risk, and lowers the broker’s capital requirements," he said.
According to Mr Lake, GBST's network includes 35 retail stockbrokers with a client base of one million investors. St Georges’s CMT service went live at FW Holst & Co. in March 2006, with other brokers due to go live this month.
GBST will continue to invest in R&D to maintain its place as one of Australia’s leading providers of financial services technology.
About GBST
GBST provides transaction processing technology for Australian and International capital market participants. GBST’s product suite also supports the broader financial services industry.
Significant investment in technology development has enabled GBST to provide a full suite of advanced market access and transaction processing solutions for its local and international client base. As one of the only global providers with the flexibility to offer multi-market, multi-currency, and multi-entity capabilities, GBST’s proven technology platform allows it to pursue growth opportunities in overseas markets, as well as those associated with changes in regulatory environments around the world.
With offices in Brisbane, Sydney, and Melbourne, GBST has over 130 staff committed to providing advanced transaction solutions.
For Further Information Contact
Stephen Lake
Managing Director/CEO
GBST Holdings Limited
Phone: + 61 7 3331 5555
Email: stephen.lake@gbst.com
Kieran Wallis
CFO
GBST Holdings Limited
Phone: + 61 7 3331 5555
Email: kieran.wallis@gbst.com
for European installation of model-based, back office settlement and corporate actions processing.