Wilco seals deal with Hong Kong Exchange

Hong Kong Exchanges & Clearing (HKEX) and Wilco International, the software outfit, have formed a joint venture to enable participants on the Hong Kong exchange to outsource their back office processing.

The venture will provide Brokers' Electronic Support Services (Bess) to facilitate straight-through transaction processing. The service will enable participants to outsource their back office IT processing to a central service bureau.

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