SunGard Integrates Loanet Centralized Order Routing with the AQS Securities Lending Market for Borrow Side Transactions

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SunGard has expanded its Loanet securities finance solution to automate borrow order submissions to Quadriserv’s AQS securities lending platform, which is a central counterparty-based market that offers automated securities lending trading in over 5,000 underlying equity, ETF, index, and ADR products.

SunGard has expanded its Loanet securities finance solution to automate borrow order submissions to Quadriserv’s AQS securities lending platform, which is a central counterparty-based market that offers automated securities lending trading in over 5,000 underlying equity, ETF, index, and ADR products. Integrating their AQS borrowing activity into their pre-existing automated Loanet Centralized Order Routing workflow will help Loanet customers increase efficiency, streamline their operations and create a true straight-through process for borrowing in the AQS marketplace.

Borrowers can use their existing Loanet order routing interfaces, eliminating the need to manually submit AQS orders or develop or support separate interfaces to AQS. Loanet captures executed and non-executed AQS orders directly into its straight-through-processing environment.

John Grimaldi, executive vice president of SunGard’s North American securities operations and securities finance business, said, “The securities finance industry continues to move towards automated trading and is constantly looking at ways to streamline its trading activities. Providing a single point of access to both the AQS and bilateral marketplaces moves the industry towards a centralized trading infrastructure while improving efficiencies around the borrowing process.”

"Seamless connectivity to AQS through Loanet greatly advances our goal of expanding access to the AQS marketplace to a broad range of industry participants,” Bruce Turner, Quadriserv’s president and chief operating officer, said. “To that end, SunGard’s Loanet Order Routing Service has been a tremendous success, and we are pleased that corresponding order flow is migrating to the AQS centrally cleared model.”

About Quadriserv
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 market for securities lending transactions in the U.S. 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’s Loanet
Loanet provides a fully comprehensive, integrated suite of solutions to meet the specialized needs of the U.S. and Canadian domestic securities lending industry, along with access to a broad community of securities finance players. Integration with the Loanet community gives access to a wide range of market participants and market automation services.

About SunGard
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 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, visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Loanet 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.

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Adriana Senior
SunGard
718-578-1130
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