London (PRWEB) July 07, 2011
Broker-dealer Sanford C. Bernstein now offers access to its suite of algorithms covering twenty four European markets via the SunGard Global Network’s (SGN) low-latency market data and order routing system.
The 2,000 asset managers and 500 brokers which make up the SGN community will now have the ability to directly access the Bernstein algorithmic trading suite.
Toby Bayliss, co-head of Sanford C. Bernstein’s trading in Europe, said, "Connecting to the SunGard Global Network will extend our unconflicted electronic execution services and our algorithm offering to a broader global audience."
Raj Mahajan, president of SunGard’s global trading business, said, “Trading in fragmented liquidity environments and high-frequency trading have amplified the need for algorithmic trading capabilities. SunGard can help firms connect with leading algorithmic solution providers and facilitate algo take-up. Bernstein's full algorithmic trading offering will be available to over 2,000 asset managers and more than 500 sell-side brokers worldwide.”
About Sanford C. Bernstein.
Sanford C. Bernstein, also known as Bernstein, provide global high quality fundamental research, strategy, and unconflicted execution and brokerage services to institutional clients, as well as equity capital markets services to corporate issuers. Bernstein has offices in New York, Los Angeles, London, Stockholm, Zurich and Hong Kong, facilitating equity execution in more than 40 countries worldwide. Execution services include sector trading, portfolio trading, algorithmic trading, direct market access and US-listed options.
Bernstein is consistently among the most highly ranked independent sell-side research teams, according to industry surveys conducted by third-party organizations. Bernstein provides bottom-up coverage and portfolio strategies supported by sophisticated quantitative tools.
Bernstein is dedicated to maximizing client trading performance through the pursuit of best-in-class execution.
Sanford C. Bernstein LLC and Sanford C. Bernstein Limited are wholly owned subsidiaries of AllianceBernstein L.P. which is listed on the New York Stock Exchange.
For more information, please e-mail algo(at)bernstein(dot)com.
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. 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 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.
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.