Macquarie Securities has announced it will use SunGard’s electronic trading software and infrastructure for its US activities.
Macquarie will integrate its global execution platform with SunGard’s Fox River Execution Solution platform, giving its clients and independent trading environment with the ability to customise trading strategies and services.
Damian Hoult, global head of execution services at Macquarie, said: “Integrating SunGard’s Fox River products will help immediately advance our clients’ trading capabilities through a comprehensive array of highly regarded localised products and dedicated product management staff.”
Last year, Hoult told The TRADE that Macquarie is looking to challenge the traditional view that is solely focused on the Asia Pacific region, with the expansion of its US-based business seen as a key objective.
Macquarie said its deal with SunGard reflects its continued investment in electronic trading and reflects a more consultative and responsive approach to designing the trading process for clients.