SunGard expands trade execution and clearing services to European markets

Raj Mahajan, president of SunGard's trading business: "Expanding SunGard's global trading services enhances SunGard's global network, providing access to more markets."

SunGard has launched an electronic agency broker-dealer based in the UK to serve the European markets.

SunGard already offers execution, risk management and clearing services to US trading participants. With the launch of these services in Europe, customers in the US and Europe should benefit from the experience and adaptation of an established model to help them access European markets easily and cost-effectively.

"The European equity industry is at a turning point and firms are finding it harder to access fragmented liquidity in a cost-effective way," said Sang Lee, a co-founder and managing partner at Aite Group, a financial markets research and advisory firm. "Firms will benefit from using a technology-neutral broker-dealer to gain access to the market more efficiently. Utilizing a single provider for their broker-dealer, execution and clearing and settlement needs helps firms increase transparency into the trade lifecycle and achieve economies of scale and scope."

Raj Mahajan, president of SunGard's trading business, said, "Expanding SunGard's global trading services enhances SunGard's global network, providing access to more markets. With our new broker-dealer in Europe, SunGard can provide US and European customers with one access point to nearly 100 percent of displayed liquidity. This will help customers achieve best execution at a reduced cost. Offering a global integrated trading platform and execution, risk, clearing and compliance services, SunGard is able to automate and streamline every point of the trade lifecycle, helping our customers increase revenues, improve processing efficiencies, manage risk and reduce costs."