From what I understand there are a number of the big broking...

From what I understand there are a number of the big broking houses utilising their backoffice. Citigroup recently announced (late last year from memory) providing Asian investors direct access to Australian markets and they do this through the GBST systems. In addition Macquarie Cash Management Trust (largest in AUstralia) have a relationship with GBST as do most of the large broking houses.

I still think this business would be a good natural fit for IRESS. The way it is moving along it seems to me that GBT rerates by 20% or so every quarter they provide a market update. Just wondering when the next one is. August maybe??