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Tradewire Implements SunGard's Clearing, Global EMS, and Liquidity Services Tradewire LLC, a US broker dealer with a focus on institutional and private clients in Latin America, has implemented a comprehensive SunGard trading solution to support its global trading business. New York, NY (Vocus) June 22, 2009 -- Tradewire LLC, a US broker dealer with a focus on institutional and private clients in Latin America, has implemented a comprehensive SunGard trading solution to support its global trading business. SunGard's GL Win and Assent solutions provide Tradewire with 360 degree transaction lifecycle management. SunGard is supporting Tradewire's core business, institutional equity trading for buy-side customers.
SunGard's suite of pre- to post-trade solutions is helping Tradewire improve its execution quality and risk management capabilities. Tradewire sponsors SunGard's global, multi-asset, multi-broker execution management system (EMS) GL Win on its buy-side customers' desktop. It receives an order and connects to displayed market centers and dark pools through SunGard's proprietary FIX network. It then uses GL Win and SunGard's Assent Liquidity Services to help monitor pre-trade risk, perform trade execution and clear trades through SunGard's Assent correspondent clearing and settlement services. Utilizing one vendor helps Tradewire achieve cost efficiencies and create transparency across the trading lifecycle with a 360 degree trading solution.
Alexandre Artmann, chief executive officer of Tradewire, said, "SunGard's end-to-end suite of services helps us provide complete, cost-efficient brokerage services to our institutional customers. SunGard also provides a program to assist us in achieving cost efficiencies: we enrolled in the Assent Shares Rewards Program, which allows us to earn credits toward our technology fees and reduce our overall costs by executing and clearing through SunGard's Assent solutions."
Raj Mahajan, president of SunGard's trading business, said, "SunGard's comprehensive trading solution is helping Tradewire grow its business with new and existing clients. SunGard is committed to assisting its customers to better serve their clients by helping them reduce their trading costs, improve their productivity and their overall performance."
About SunGard Assent Liquidity Services SunGard's Assent Liquidity Services offers a suite of market access solutions for both buy- and sell-side institutions. SunGard's Assent Liquidity Services helps firms improve execution quality, minimize information leakage and decrease total overall execution costs. Assent Liquidity Services provides integrated solutions from a single vendor to help buy-side and sell-side institutions explore new revenue opportunities, enhance execution quality and capabilities, and reduce access and clearing costs associated with participating in a deeply fragmented marketplace. Integrated with SunGard's order and execution management solutions, as well as the SunGard Transaction Network (STN), Assent Liquidity Services includes the Assent ATS, Assent Sponsored Access, Assent Smart Order Routing, Assent Dark Pool Aggregator, and Assent Algorithms.
About SunGard SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses.
Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP.
Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, Assent, GL Win and SunGard Transaction Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
Brokerage products and services offered through Assent are provided by Assent LLC, member FINRA/SIPC.
For more information please contact:
Adriana Senior SunGard Tel: +1 718 578 1130
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