CBSX to Use SunGard's Assent Liquidity Services for Execution and Clearing CBOE Stock Exchange (CBSX) will use SunGard's Assent Liquidity Services as an outbound routing provider and will clear trades through SunGard's Assent Correspondent Clearing services. Assent Liquidity Services' routing infrastructure helps CBSX continue to fulfill Regulation NMS obligations by supporting exchange requirements to route flow to any of the Regulation NMS protected venues showing a better price. New York (Vocus) July 28, 2009 CBOE Stock Exchange (CBSX) will use SunGard's Assent Liquidity Services as an outbound routing provider and will clear trades through SunGard's Assent Correspondent Clearing services. Assent Liquidity Services' routing infrastructure helps CBSX continue to fulfill Regulation NMS obligations by supporting exchange requirements to route flow to any of the Regulation NMS protected venues showing a better price. CBOE Stock Exchange is a fully electronic, Regulation NMS-compliant marketplace, offering strict price-time priority for all participants. SunGard's Assent Liquidity Services has a suite of market access solutions for both buy- and sell-side institutions, and includes sponsored access, directed and smart order routing, dark aggregation, advanced algorithms and an alternative trading system. CBSX will leverage Assent Sponsored Access' high-speed, low-latent direct connectivity to help it gain access to better-priced markets. This will help CBSX to decrease latency in the trade lifecycle and better fulfill its best execution obligations. Assent Correspondent Clearing services will help CBSX to increase post-trade efficiency, while helping to decrease infrastructure requirements and clearing and settlement costs. "CBSX is committed to providing our growing set of clients with advanced technology at a low cost, and SunGard provides us with a low-latency, customized solution to help us reduce our operational expenses," said David Harris, CBSX chief executive officer. "Leveraging Assent for sponsored access, routing and clearing will help us incorporateeconomies of scale and operational efficiencies." Raj Mahajan, president of SunGard's trading business, said, "SunGard's Assent Liquidity Services helps provide CBSX with a customizable, cost-effective, execution and clearing solution. We are committed to providing our customers with multiple solutions to help streamline and reduce latency in the transaction lifecycle while reducing costs." About CBOE Stock Exchange
About SunGard's Assent Liquidity Services
About SunGard
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 http://www.sungard.com. *January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com Trademark Information: SunGard, the SunGard logo and Assent 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 of Assent Liquidity Services and Assent Correspondent Clearing offered by Assent LLC, member FINRA/SIPC. CBOE Stock Exchange® and CBSX® are registered trademarks of CBOE Stock Exchange, LLC. CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated. CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the AAA-rated Options Clearing Corporation. Press Contacts For SunGard:
For CBSX:
Gail Osten
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