New York-based, self-clearing broker/dealer Albert Fried & Company, LLC has completed its implementation of SunGard’s Phase3 securities processing application integrated with SunGard’s BRASS OMS and Allocations, Margin Advisor real-time margin tracking system, and WealthStation wealth management and broker platform for tax-lot accounting and correspondent trading.
“Real-time, online processing is critical to staying competitive in the self-clearing world, and Phase3 helps us gain the sophistication and efficiencies required to evolve our business,” says Anthony Katsingris, chief operating and compliance officer at Albert Fried & Company.
“Phase3 integrated with BRASS and WealthStation helps to streamline our existing business, while its flexibility to handle high volumes and innovative capabilities will help position us well for the expansion of our correspondent clearing and prime broker initiatives,” he adds.
“We are pleased that Albert Fried has successfully completed its conversion to Phase3, and we look forward to supporting its initiatives in the future,” continues Gerard Murphy, president of SunGard’s Phase3 business unit.
“Phase3’s proprietary integration with BRASS, WealthStation, and many other systems is valuable in helping to provide greater operational efficiencies through automated, straight-through processes. Phase3 can help firms provide better real-time information to their brokers, traders and clients in order to help them capitalize on market opportunities and respond to immediate trading needs.”