Paris, France (Vocus) September 11, 2009
Kepler Capital Markets, a European financial services firm, has gone live with SunGard's ASP-based connectivity services to help it broaden its market connectivity in Europe. Kepler has added three new gateways to access the public order books of BATS Europe, NASDAQ OMX Europe and NYSE ARCA Europe.
SunGard's ASP-based connectivity services allow Kepler to outsource the complex processes involved in procuring and managing the infrastructure required for market access. Kepler already uses SunGard's ASP-based connectivity services to access five European MTF's (multilateral trading facilities), as well as SunGard's GL Stream to aggregate market data for each financial instrument across competing platforms. In addition, GL Stream's smart order router can route traffic according to an algorithmic strategy determined by Kepler, in accordance with best execution obligations.
Thomas Biotteau, head of execution services at Kepler Capital Markets, said: "We are taking full advantage of SunGard's smart order router and ASP-based connectivity services. SunGard's offerings are helping us achieve price improvements for clients by exploiting the liquidity available on the new MTFs, and find liquidity that is unavailable to many competing brokers. The SunGard offering helps us lower our overall trading and clearing costs, and we can share some of these savings with our DMA (direct market access) clients."
Vincent Burzynski, chief product officer of SunGard's global trading business, said: "In the post-MiFID environment, brokers are facing strategic choices - either they depend on larger brokers to achieve best execution for their customers, or they invest in liquidity management systems. SunGard has developed cost-effective solutions that can help brokers gain a competitive edge."
About Kepler Capital Markets
Kepler Capital Markets is a European financial services company with offices in Amsterdam, Frankfurt, Geneva, London, Madrid, Milan, Paris, Zurich and New York. One of our main businesses is agency brokerage: Kepler is a leading equity research and sales house a client base of 800 institutional investors in Europe and North America. We employ 320 people across our operations.
About SunGard's GL Stream
GL Stream provides a comprehensive response to the challenges of global electronic trading. GL Stream ASP for Market Access is a fully managed and cost-effective solution for exchange connectivity, based on hosted and mutualised market gateways. GL Stream for Liquidity Management enables trading across multiple competing venues: exchanges, ECNs, MTFs, dark pools and in-house matching engines.
SunGard is one of the world's leading software and IT services companies. SunGard 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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