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.