As part of its strategy to enhance geographic and product reach, UK securities firm Winterflood Securities has joined the SunGard Global Network low-latency market data and order routing network, SGN Securities, to gain access to client order flow generated on SunGard’s systems.
Local and international clients of Winterflood that use SunGard trading platforms will be able to route orders directly to exchanges, which will help to improve execution speed and order management.
Philip Yarrow, director of electronic trading at Winterflood Securities, said the new connection would help the liquidity provider to expand its electronic execution services to meet the demands of a wider global audience. “We have experienced increasing demand from both new and existing clients in the US to access our products and services electronically, whether for low-touch direct market access to Europe or high-touch care orders managed by our dedicated sales traders,” he said.
Winterflood, a securities trading subsidiary of independent UK merchant bank Close Brothers, makes markets in UK, European and US securities, and retains a team of around 100 traders. The SunGard Global Network provides access to 110 markets worldwide and connects the buy-side, third party networks, broker-dealers and investment companies.