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ADP Wilco Upgrades Its Gloss Securities Processing System

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Automatic Data Processing’s Wilco unit has upgraded its Gloss international securities processing system. The latest version – Version 5 – includes extended instrument coverage and broader market connectivity. Gloss 5 now supports international fixed-income securities, repurchase agreements and stock lending. The system complies with upcoming mandatory changes to the Swift messaging format and now connects with Euroclear via both Swiftnet and RadianzNet. It also features enhanced messaging to Crest.

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