Software solutions provider SunGard has launched a new suite of market access solutions aimed at improving execution quality in the equities markets.
SunGard believes its Brass Liquidity Service will also help firms minimise information leakage and decrease total overall execution costs. The suite comprises of Brass Sponsored Access, Brass Smart Order Routing (SOR), Brass Dark Pool Aggregator and a range of algorithms.
Brass Sponsored Access provides clients with direct connectivity to protected venues with low latency connectivity, while Brass SOR will help customers execute order flow at the best possible available price across displayed and non-displayed venues.
The Brass Dark Pool Aggregator offers a single point of access to reach strategically targeted dark venues for fill opportunities, before routing out to displayed liquidity sources. The algorithmic suite will offer strategies to help reduce market impact and optimise overall execution capabilities and will offer customers post-trade analysis.
The suite will be available to the 2,150 buy- and sell-side firms currently connected to the SunGard Transaction Network and can be integrated with SunGard’s order and execution management systems.
“The introduction of SunGard’s Brass Liquidity Services builds on our strategy to support our customers’ changing needs across the entire trade lifecycle,” said Raj Mahajan, president of SunGard’s trading business, in a statement.