Sungard, a financial software provider, has upgraded its Brass order management and direct market access (DMA) platform to include multi-asset and global trading capabilities.
Sungard’s Brass will now provide clients with access to a number of international equities markets and all US options markets. International orders can be routed to global execution providers or local specialist brokers. Real-time market data is also available for major markets, including London, Toronto and NYSE Euronext’s European exchanges.
“As a neutral, hybrid technology partner, SunGard helps its customers gain access to the right liquidity, and helps them reduce latency and costs associated with the explosive growth in global trading volumes,” said Raj Mahajan, president of SunGard’s trading business, in a statement.
Brass was launched in June 2008, and was designed to help firms integrate global markets and decrease overall execution costs. The suite consists of a trade OMS, DMA tools, trade matching functionality and compliance analysis and reporting. It also has liquidity management tools for buy- and sell-side firms, which includes Brass Sponsored Access, Brass Smart Order Routing (SOR), Brass Dark Pool Aggregator and a range of algorithms.