SunGard’s Protegent PTA (Personal Trading Assistant) has been implemented by Russell Investment Group. The automated personal trading, code of ethics and employee application will be used to automate Russell’s trade confirmations.
The implementation of the application took three months, and Russell is considering using it globally.
“We needed a provider that would help us to streamline our processes as well as offer the right support and expertise to guide us through our worldwide implementation,” says Dave Griswold, chief compliance officer of Russell. “SunGard provided us with its knowledge and experience in best practices, and a hosted solution that was rich in functionality and could be easily implemented and used worldwide. We were impressed with how simple it was to roll out the system to our 1,300 U.S. employees.”
“We are pleased that Russell is now live on Protegent PTA in the U.S. and we look forward to completing a worldwide implementation,” says Paul Erickson, president of SunGard’s Protegent business unit. “Protegent PTA is designed to be simple to use, thereby encouraging consistent employee use of the system, and providing turn-key deployment on a global scale. The ASP version of Protegent PTA helps to expedite implementations and assists organizations in reducing the risk and exposure of personal trading, gifts and entertainment, and other activities.”