Wilco and IBM team up for securities settlement

IBM and Wilco International today have entered into an agreement that will see Wilco's
global securities processing and settlement system, Gloss, used to provide the back office securities processing and settlement component of IBM’s Straight Through Processing (STP) Workbench for e-business for broker/dealers. In return IBM will provide sales and integration services for Gloss, which Wilco will continue to develop, market and sell.