A.G. Edwards Selects SunGard's BRASS Program Trading Solution

A.G. Edwards, a St. Louis based full service national brokerage firm, has gone live on SunGard's BRASS turn key program trading solution. "Our buy side clients needed us to provide program trading, and SunGard supplied us with an integrated ASP

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A.G. Edwards, a St. Louis-based full service national brokerage firm, has gone live on SunGard’s BRASS turn-key program trading solution.

“Our buy-side clients needed us to provide program trading, and SunGard supplied us with an integrated ASP-based service with robust program trading software,” said Frank Murphy, vice president and manager of institutional equity trading at AG Edwards.

The brokerage firm relies on the SunGard solution that includes the BRASS Broker Direct U2 FIX API for order routing to execution destinations, and the BRASS OMS for order management, clearance and settlement. It also includes the SunGard Transaction Network (STN) for FIX connectivity to buy-side clients, and Raptor Trading Systems’ gateway for intelligent automatic routing of buy-side client orders to either the Portware software or the BRASS OMS.

“The BRASS program trading solution was designed for firms that do not want to devote the staff or resources required to develop and support such an electronic trading service in-house,” said Patrick Lynch, president of SunGard’s BRASS business unit. “Because the solution is integrated with BRASS services and workflows, its implementation is seamless, allowing firms to continue to focus on building their businesses and meeting clients’ needs.”

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