SunGard’s SunGard Transaction Networks (STNs) trading and connectivity applications are now available to corporate treasurers and asset managers in the United Kingdom, following STNs recent approval by the Financial Services Authority (FSA).
As an authorised U.K. broker, STN will exercise passporting rights, allowing the company to trade and conduct brokerage business in 30 European countries, bringing integration, automation and connectivity to the international trade lifecycle.
“Globalization is becoming a key component to the strategies of many financial services firms. Both in the US and internationally, STN solutions help institutional investors better manage trade execution and processing requirements, while helping to increase productivity, reduce processing costs and minimize operational risk,” says Bob Ward, COO, SunGards wealth management business.
STN Securities and the STN Money Markets portal are the first of STNs trading and connectivity applications to be introduced throughout Europe. Leveraging its core design and ability to reach more than 500 global trading destinations, STN Securities electronically connects asset managers to a global array of liquidity providers through a single platform.
STN Securities supports the industry standard FIX protocol, as well as other message types, including S.W.I.F.T. and proprietary message formats.
The STN Money Markets portal, currently one of the largest, fully disclosed, independent portals in the US, provides multinational corporate treasurers with a central platform to diversify their short-term investments and to help mitigate currency risk all while providing access to 240 multicurrency money funds through a single connection.
Supporting STNs expansion in Europe is a complete regional data center and recovery infrastructure, and professionals located in the UK to manage and support STNs growing list of trading destinations.