SunGard expands trade execution and clearing services to European markets
First Published Tuesday, 26 January 2010 from Automated Trader : Direct Market Access News
SunGard launches UK based electronic agency broker-dealer for 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.”
- TradeTech Europe, April 20-22, 2010
Now in its 10th year, and firmly established as the must-attend event of the year, TradeTech 2010 delivers a decade of lessons learnt that can help save your trading firm millions of Euros....continued
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Lee Hodgkinson, CEO, SmartPool: "The desire from traders as well as other market users and regulatory agencies, for increased post trade transparency is overwhelming - SmartPool MatchView offers an innovative real-time solution to meet this industry need.”
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, has announced that it is launching a new service solution designed to help traders and other market users access, interpret and navigate the post trade data published by European dark trading venues.
Delivered in partnership with NYSE Technologies, SmartPool’s MatchView service will be powered by and fully integrated within the NYSE Technologies’ liquidity discovery service, ioinet....continued - BM&FBOVESPA authorizes SunGard as DMA provider
The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA has authorized SunGard to act as a provider of direct market access (DMA) for the BM&F segment (derivatives markets)....continued
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