London (PRWEB) October 12, 2011
Ak Investment, the brokerage arm of the leading Turkish financial institution Akbank, has joined the SunGard Global Network (SGN) to offer its trading services and research expertise on the Turkish capital markets. SGN connects 2,000 asset managers with over 500 brokers worldwide.
Accessing SGN will help Ak Investment reach clients directly, add new connections in short timeframes and offer its Turkish market expertise to SunGard’s user community, at a time of increasing international interest in Turkey. Offering electronic execution services through SGN will help Ak Investment reach new clients who wish to route order flow directly to exchanges, helping them improve execution speed, performance and order management.
Mehmet Taman, head of Institutional Sales & Trading for Ak Investment, said, “Connecting to SunGard’s SGN was an obvious choice for Ak Investment as part of our strategy to be a leader in Turkish capital markets and the partner of choice of buy- and sell-side firms worldwide who want to trade in Turkey. The SunGard connectivity will be integrated with our existing trading infrastructure, helping us start to on-board clients immediately.”
Philippe Carré, global head of connectivity for SunGard's global trading business, said, “Turkey is one of the most dynamic economies in Europe, and we are seeing growing demand from international clients for access to the Turkish capital markets, for trading and market data. We are pleased to expand our Turkish market connectivity offering and are committed to growth in our emerging markets connectivity. The SunGard Global Network will provide AK Investment with direct links to its international user community, helping it rapidly on-board clients and easily add new offerings, such as algorithms and derivatives trading.”
About Ak Investment
AK Investment, fully owned by AKBANK provides full service brokerage and investment banking services in the Turkish market concentrating especially on institutional brokerage, research and investment banking services.
Besides the Research Department’s comprehensive product line including macroeconomic and specific equity reports and Investment Banking Department’s services including public offerings, merger and acquisitions, financial advisory, valuation and privatization advisory, Ak Investment gained the confidence of international investors thanks to its well recognized brand name, strong research support and a highly qualified team providing client-focused services. Ak Investment aims to render trade executions following international best practices together with well established and market tested settlement procedures. As electronic trading is becoming dominant trend in all markets as well as in Turkish market globally, Ak Investment offers fix trading and Direct Market Access (DMA) trading facilities to its clients. For more information, please visit http://www.akinvestment.com.tr
About the SunGard Global Network (SGN)
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. SGN helps automate the entire trade lifecycle, from order execution through to post-trade processing. It facilitates trading on over 120 markets worldwide and links more than 2,000 asset managers with over 500 brokers, as well as interconnecting with major third-party order-routing networks. SGN’s international connectivity hubs also support low-latency market data delivery from global markets. For more information, please visit http://www.sungard.com/sgn
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 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 of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical.
For more information, please visit http://www.sungard.com
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