GL Net's provision of DMA services for more than 110 global markets has helped us to grow our business across assets and geographies. We look forward to exploring the wider possibilities now opened up by the SunGard Global Network.
London, UK and New York, NY (Vocus) June 3, 2010
SunGard is nearly doubling the trading venues and markets its customers can access by bringing together its three global network solutions for routing equities, listed derivatives and fixed income orders to form the SunGard Global Network (SGN). Currently SunGard offers three distinct connectivity and routing solutions for securities, depending on the region and asset class, including the SunGard Transaction Network and BNet in the U.S., and GLNet which has a significant footprint in Europe, Asia and Latin America. GLNet was established by GL Trade which was acquired by SunGard in 2008 and now forms SunGard’s Global Trading business. The ability for customers of each network to access more trading venues and markets helps them accelerate their global growth strategies.
Adam Honore, research director at research and advisory firm, Aite Group, said, “While the appetite for trading in new asset classes and geographies continues to grow, connectivity to new markets remains a significant impediment to many trading firms. A robust trading network is critical to jumpstart firms seeking the most expeditious route to new opportunities.”
Peter Squire, head of IT operations at KBC Securities, said, "GL Net's provision of DMA services for more than 110 global markets has helped us to grow our business across assets and geographies. We look forward to exploring the wider possibilities now opened up by the SunGard Global Network."
The SunGard Global Network will comprise several channels for trading various asset classes including SGN Securities, SGN Funds and SGN Short-term Cash Management.
SGN Securities integrates the BNet, GLNet and STN Securities networks, linking more than 1,600 institutional buy-side firms to more than 500 brokers and 110 global markets. SGN Securities helps customers manage the idiosyncrasies of trading in new markets and instruments, helping improve their time-to-market as they grow their businesses globally.
In addition to network connectivity, SGN Securities offers trading services, including message validation, normalization, enrichment and transformation. These services help relieve customers’ initial and on-going burden of supporting changing message protocols, OMS/EMS deployments, and requirements for new capabilities. Customers can also obtain access to real-time market data services, ASP-based market connectivity, and managed services for their FIX connectivity requirements. SGN Securities is built on high-capacity, low-latency, secured links between nearly 30 network hubs deployed in major financial centers worldwide.
SGN Short-Term Cash Management, previously STN Money Markets, helps organizations research, analyze, trade, monitor and report on money market funds and cash equivalents, including more than 200 investment options. SGN Funds, previously STN Funds, connects investors and intermediaries to mutual funds around the world.
Mark Volker, senior vice president of strategy for SunGard’s trading business, said, “New instruments and trading venues, shifting investment strategies and regulatory changes are challenging existing business processes at financial services firms around the world. SGN is helping its community of members overcome these hurdles by providing high-performance connectivity and multi-asset class trading services that help accelerate customers’ growth strategies.”
About SunGard Global Network
A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. The SunGard Global Network helps automate the entire trade lifecycle from order execution through to post-trade processing. It provides access to 110 markets worldwide and connects the buy-side, third party networks, broker/dealers and investment companies, including more than 2,000 asset managers and 500 broker connections. Its international connectivity hubs also support low-latency market data delivery from global markets.
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. For more information, please visit http://www.sungard.com.
SGN Brokerage Services offered in the United States and Canada are provided by SunGard Institutional Brokerage Inc., Member FINRA/SIPC
SGN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited which is authorised and regulated by the Financial Services Authority, No. 469919 • Incorporated and registered in England and Wales No. 3127109 • Registered Office: 25 Canada Square, London E14 5LQ.
SunGard Global Execution Services Limited (ARBN No. 132 508 742) is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the Financial Services Authority under UK laws, which differ from Australian laws.
Trademark Information: SunGard, the SunGard logo and the SunGard Global 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.