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Many investment banks use this Software developed by
Wilco Intl.Though its an ancient one but it really can deal
with tons of data. Its so heavy duty that large banks don't admit to change the software. I work as Gloss Programmer
at Merril Lynch. Merril uses most of the products of Wilco viz.
GlossHV (High Volume) - an integrated system for the trade processing,settlement and accounting of a wide range of instruments including international debt, equities and treasury.
Gloss STP Explorer - a realtime proactive exception handling system for both business and system monitering.
Corporate actions - a module that takes in corporate actions data, calculates entitlements,produces transactions using standard gloss processing and provides tax calculations and advices.
Enterprise Broker - a transaction oriented middleware product; provides generic message processing facilities to interface between two or more systems with each in turn using different message formats.
Now the question would be "What does Gloss do ?"
Manually or automatically captures trades.
Processes a variety of trade types throughout their lifecycle.
Automatically drives external confirmations, instructions and trade reports.
Mantains a trading and stock ledger.
Interfaces to a range of system through Enterprise Broker and STP Adapter.
The links above will give you a flair of Gloss.