SunGard today announced the second MiFID-related solution resulting from its MiFID collaboration workshops attended by more than 70 financial services institutions in Brussels, Frankfurt, London and Stockholm. The majority of buy-side attendees indicated that an integrated OMS/EMS was “essential” or “very important” in helping achieve best execution for MiFID.
To help buy-side firms achieve best execution, SunGard’s Decalog business unit has teamed-up with TradingScreen to provide an integrated OMS/EMS solution that enables buy-side firms to access a multi-asset class best execution portal that includes IOIs, pre-trade analytics, execution capabilities, access to alternative or standard liquidity pools, basket management, strategy building and post-trade transaction cost analysis (TCA).
Philippe Buhannic, chairman and chief executive officer of TradingScreen, said, “New challenges arising from the increasingly complex liquidity equation and new regulatory demands for transparency can be very difficult to meet with the traditional infrastructure of buy-side firms. Buy-side firms have clearly validated the best-of-breed approach that SunGard and TradingScreen have developed together.“
Thorsten Heissel, president of SunGard’s Decalog business unit, said, “Our outside-in approach involves a continuous dialogue with our customers, a precise understanding of their business needs and a timely delivery of solutions able to help address their most sophisticated demands. The Decalog-TradingScreen OMS/EMS integrated solution is a natural result of this process. Partnering with a leading, multi-asset class EMS with strong expertise and true independence was the best value proposition we could bring to our customers.”