U.S. broker-dealer Pierpont Securities, which specializes in fixed income for middle market and institutional investors, has selected SunGard’s Loanet solution for its growing securities finance operations.
Pierpont will use Loanet for securities finance trading, inventory management, accounting and settlement, which SunGard says will help Pierpont achieve its goal of growing while reducing total cost of ownership, both for front-office trading and back-office operations.
“We needed to identify a service that would support the expansion of our financing capabilities into securities lending. Choosing a solution that is delivered as a service, such as SunGard’s Loanet, enables us to efficiently grow our securities lending business and interface with our clients effectively for functions such as trade matching, processing, automated margin and securities settlement for our securities lending business transactions,” says Bruce James, chief operations officer, Pierpont Securities.
Fixed Income Broker-Dealer Selects SunGard's Loanet
U.S. broker-dealer Pierpont Securities, which specializes in fixed income for middle market and institutional investors, has selected SunGard’s Loanet solution for its growing securities finance operations.