New SunGard's ASP Tool Will Assist Brokers In Effective Trading On MTFs

SunGard has completed the roll out of new ASP based managed access and smart order routing services for European equity trading platforms. The services are provided through a number of new ASP gateways built into SunGards GL Stream and will

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SunGard has completed the roll-out of new ASP-based managed access and smart order routing services for European equity trading platforms.

The services are provided through a number of new ASP gateways built into SunGards GL Stream and will provide SunGards European brokerage customers with access to all major trading venues. This will help SunGard customers capture a greater share of fragmented liquidity.

Liquidity fragmentation in post-MiFID Europe raises complex issues for all market participants. With new trading venues being created almost every month, trading decisions can become more difficult and connectivity costs can accumulate.

SunGards GL Stream ASP managed access and smart order routing services will help brokers to trade cost-effectively on Multilateral Trading Facility (MTF) platforms, comprising both public order books and dark pools.

When deciding to go for SOR technology, a financial institution should consider the level of smartness and market connectivity it wants to achieve, as well as the ability of the solution to adapt to changing market conditions, says Vincent Burzynski, chief product officer of global trading business, SunGard.

SunGards ASP approach provides a cost-effective response to these needs, and builds on its experience in smart routing with brokerage customers in the UK, France, Italy and Switzerland. This new GL Stream ASP approach can help customers realize real benefits from their investment by leveraging SOR capabilities to trade on multiple MTFs.

L.D.

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