(Vocus) May 25, 2010
SunGard has integrated executed, market-driven trade data derived from Quadriserv’s AQS securities lending market into SunGard’s Astec Analytics platform, its solution for securities lending performance measurement and program management. The integration of data from the AQS market alongside Astec’s existing rate data continues the trend toward a market-driven approach to true price discovery and transparency for the securities lending industry.
Thomas Little, president of AQS Market Data Services, Inc. a wholly-owned subsidiary of Quadriserv, Inc. commented, “The defining hallmarks of the AQS market include access and transparency, and the integration of AQS market information into Astec Analytics directly advances both goals. More generally, we continue to be encouraged that our strategic partnership with SunGard is yielding tangible benefits for industry participants, and look forward to continuing to deliver innovative, productivity enhancing technology.”
Tim Smith, executive vice president for SunGard’s Astec Analytics business unit, commented, “The success of SunGard’s Astec Analytics product depends on best-in-class, daily transaction data and information delivered to securities lending professionals. Including trade data from AQS, one of the world’s largest, centrally cleared securities lending markets, into Astec’s product suite will allow our customers to have access to AQS market pricing. We are pleased to deliver this innovation, and believe it will help provide a distinct competitive advantage for Astec’s customer base.”
AQS data is currently available as an integrated offering within Astec Analytics Lending Pit product, and will be integrated into SunGard’s Securities Finance product suite, including SmartLoan and Loanet, during the third quarter of this year.
About Quadriserv, Inc.
Quadriserv is a leader in delivering transformational market structure changes to the securities lending industry. Quadriserv, through its wholly owned subsidiary, Automated Equity Finance Markets, Inc., has developed the AQS® market for securities lending. AQS, through its relationship with The Options Clearing Corporation, operates a centralized marketplace for securities lending transactions in the U.S., and plans to expand into the European market through its relationship with Eurex Clearing. As a FINRA member broker-dealer and a SEC regulated alternative trading system, AQS aims to maximize liquidity, access, credit and transparency, while mitigating systemic risk, through a fully automated trading environment. For more information about Quadriserv, please visit http://www.quadriserv.com or http://www.tradeaqs.com.
About SunGard Securities Finance
SunGard Securities Finance provides services and solutions for securities lending and financing.
Financial institutions worldwide, including broker dealers, hedge funds and custodial banks, depend on SunGard for recordkeeping, operations and settlement. SunGard Securities Finance provides order routing, comparison, mark-to-market and automated recall services, enabling exception based straight-through processing between industry participants. SunGard Securities Finance also offers solutions for short sale automation, inventory management and optimization, and regulatory reporting for U.S. broker dealers.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. 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 380 on the Fortune 500 and is the largest privately held business software and IT services company.
Trademark Information: SunGard, the SunGard logo, Astec, Lending Pit, Loanet and SmartLoan 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.