London (PRWEB) October 31, 2011
SunGard has extended the order routing connectivity of the SunGard Global Network (SGN) with a new link to GETMatched Europe, GETCO’s European broker crossing network. GETMatched is the centrally cleared crossing network owned and operated by GETCO Execution Services, the client services arm of GETCO, a leading global market-maker. GETMatched matches brokers’ orders with passive flow from GETCO’s European market-making operation.
By adding connectivity to GETCO Execution Services’ GETMatched crossing network, SGN can help SunGard’s customers better manage fragmented liquidity in the European equity markets. With connectivity to major European exchanges, most European Multilateral Trading Facilities (MTF) and dark pools, SunGard offers a full-service solution for access to the European trading landscape.
Virginie Saade, head of European Sales for GETCO, said, "For brokers focused on safeguarding the anonymity of their orders, GETMatched provides an order matching solution that is designed to prevent information leakage and offers direct access to the liquidity of a global market maker. We are active on the most liquid stocks of the UK, France, Italy, Germany, Belgium, Portugal, Switzerland and the Nordic countries, and plan to extend coverage further through SGN."
Philippe Carré, global head of connectivity for SunGard's global trading business, said, “European and global brokers are looking to expand their range of capabilities for electronic trading in Europe, in a drive to help improve hit rates and reduce costs. GETCO Execution Services’ approach is likely to be of interest to many of them, and we are pleased to be working with GETCO as part of the SunGard Global Network community to facilitate that connectivity.”
About GETCO Execution Services
GETCO Execution Services (GES) offers three high-tech trading solutions that help investors solve their execution needs: GETAlpha, an execution algorithm for U.S. equities that uses the same high-tech trading tools as a dedicated market maker; GETMatched, an electronic trading platform that provides access to the dedicated liquidity of GETCO, a global electronic marker maker; and GETRouted, a customized low-latency router. All offerings are fully optimized for interaction with each other.
GETCO is a leading global market maker. The firm’s primary business involves both buying and selling securities to provide two-sided markets on exchanges around the world. The liquidity GETCO supplies allows individual and institutional investors to immediately transfer the risk often associated with securities while saving money on trading costs. In addition, GETCO provides customers with a range of execution services through its client services arm, GETCO Execution Services.
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 Securities 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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