Trading technology provider SunGard has integrated its three trading networks globally to afford customers a greater range of trading venue connectivity and routing services.
The new offering, SunGard Global Network (SGN), will be an amalgamation of the SunGard Transaction Network and BNet offerings in the US, and GLNet, the network SunGard acquired as part of its purchase of software vendor GL Trade in November 2008, which has a presence in Europe, Asia and Latin America.
According to SunGard, the merger of the three networks will almost double the markets its customers can connect to and brings together network solutions for equities, listed derivatives and fixed income trading.
SGN will comprise multiple channels that are divided by asset class, including SGN Securities, SGN Funds and SGN Short-term Cash Management. SGN Securities integrates the BNet, GLNet and SunGard Transaction Network and links over 1,600 institutional buy-side firms to over 500 brokers and 110 global markets.
SGN Securities also offers additional trading services including real-time market data services, message validation, normalisation, enrichment and transformation, which SunGard claims will help clients deploy order and execution management systems and support changing message protocols. SGN Short-Term Cash Management is designed to help customers to research, analyse, trade, monitor and report on money market funds and cash equivalents, while SGN Funds connects investors and intermediaries to mutual funds around the world.
“New instruments and trading venues, shifting investment strategies and regulatory changes are challenging existing business processes at financial services firms around the world,” said Mark Volker, senior vice president of strategy for SunGard’s trading business. “SGN is helping its community of members overcome these hurdles by providing high-performance connectivity and multi-asset class trading services that help accelerate customers’ growth strategies.”