As a neutral, hybrid technology partner, SunGard helps its customers gain access to the right liquidity, and helps them reduce latency and costs associated with the explosive growth in global trading volumes
New York, NY (Vocus) October 27, 2008
SunGard has enhanced its Brass order management and direct market access platform by integrating multi-currency, multi-access trading capabilities and compliance services. The enhancements help reduce the gap between a firm's trading and compliance processes, and provide customers with global access in a cost-effective, bundled solution.
SunGard's Brass now provides access to international equities and access to all US options markets. International orders can be routed to leading global execution providers or routed directly to a local broker who specializes in that market. Real-time market data is also provided for major markets, including London, Euronext and Toronto. Customers can execute orders through a single order blotter, helping traders to spend less time on clerical tasks such as managing workflow across multiple systems.
Tom Buckman, head trader from Buckman, Buckman & Reid, said, "SunGard is uniquely able to provide us with one sales cockpit to support our multi-asset and multi-currency trading. We will use the Brass OMS as part of a complete solution provided by SunGard that includes Liquidity Services and Protegent Trading Compliance. By leveraging SunGard's bundled trading services, we are able to work with fewer vendors, helping us to reduce costs and create a more streamlined, efficient trade workflow. We rely on SunGard to help us get the most out of our IT investment, so that we can focus on our core competencies and increase revenues."
"As a neutral, hybrid technology partner, SunGard helps its customers gain access to the right liquidity, and helps them reduce latency and costs associated with the explosive growth in global trading volumes," said Raj Mahajan, president of SunGard's trading business.
About SunGard's Brass
An integrated trade and order management solution suite supporting Nasdaq, listed, listed market making and sales trading, Brass serves market makers, institutional brokers and traders working in a variety of roles. The suite includes a trade order management system; a set of direct market access tools as well as solutions for automated indications of interest and advertised trades; trade matching; and compliance analysis and reporting. The Brass solution also includes a suite of liquidity management tools for both the buy- and sell-side, including smart order routing, dark aggregation, broker sponsored access and customizable algorithms. Brass facilitates trade execution through connectivity with the buy-side community via SunGard Transaction Network, through links with major back-office clearing firms, and through direct access to all major domestic exchanges and trading destinations.
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Brass and Protegent 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.
For more information please contact:
Tel: 718 578 1130
adriana.senior @ sungard.com
# # #