WAYNE, Pennsylvania and LONDON, March 25 /PRNewswire/ --
- Global Trade Routing and Connectivity Solutions Support Buy-Side and Sell-Side Automation Initiatives
SunGard (http://www.sungard.com) today announced that the SunGard Transaction Network's (STN's) trading and connectivity solutions are now available to corporate treasurers and asset managers in the United Kingdom, following STN's recent approval by the Financial Services Authority (FSA). As an authorized U.K. broker, STN will exercise passporting rights, allowing the company to trade and conduct brokerage business in 30 European countries, bringing integration, automation and connectivity to the international trade lifecycle.
"Globalization is becoming a key component to the strategies of many financial services firms," said Bob Ward, chief operating officer of SunGard's wealth management business. "Both in the U.S. and internationally, STN solutions help institutional investors better manage trade execution and processing requirements, while helping to increase productivity, reduce processing costs and minimize operational risk."
STN Securities and the STN Money Markets portal are the first of STN's trading and connectivity solutions to be introduced throughout Europe. Leveraging its core design and ability to reach more than 500 global trading destinations, STN Securities electronically connects asset managers to a global array of liquidity providers through a single platform. STN Securities supports the industry standard FIX protocol, as well as other message types, including S.W.I.F.T. and proprietary message formats.
The STN Money Markets portal, currently one of the largest, fully disclosed, independent portals in the United States, provides multinational corporate treasurers with a central platform to diversify their short-term investments and to help mitigate currency risk -- all while providing access to 240 multicurrency money funds through a single connection.
Supporting STN's expansion in Europe is a complete regional data center and recovery infrastructure, and professionals located in the UK to manage and support STN's growing list of trading destinations.
About SunGard Transaction Network
A trade automation, compliance and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including US and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.
About SunGard
With annual revenue of US$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 www.sungard.com.
Trademark Information: SunGard, the SunGard logo and STN 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.
STN trade automation and connectivity services are provided by SunGard Institutional Brokerage Inc., Member FINRA/SIPC.
SunGard Global Execution Services Limited ( Registered in England and Wales No. 3127109 ) Registered Office: 33 St. Mary Axe, London EC3A 8AA -- Authorised and Regulated by the Financial Services Authority, No. 469919
For more information, contact: Adriana Senior SunGard Tel: +1-718-578-1130 Email: adriana.senior@risk.sungard.com Web site: http://www.sungard.com http://www.sungard.com/STN http://www.fsa.gov.uk/register/firmPassports.do?sid=189106 http://www.fixprotocol.org http://www3.sungard.com/STN/default.aspx?id=4208
Adriana Senior of SunGard, +1-718-578-1130, adriana.senior@risk.sungard.com
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