âGlobalization is becoming a key component to the strategies of many financial services firms,â said Bob Ward, chief operating officer of SunGardâs wealth management business. âBoth in the U.S. and internationally, STN solutions help institutional investors better manage trade execution and processing requirements, while helping to increase productivity, reduce processing costs and minimize operational risk.â
STN Securities and the STN Money Markets portal are the first of STNâs trading and connectivity solutions to be introduced throughout Europe. Leveraging its core design and ability to reach more than 500 global trading destinations, STN Securities electronically connects asset managers to a global array of liquidity providers through a single platform. STN Securities supports the industry standard FIX protocol, as well as other message types, including S.W.I.F.T. and proprietary message formats.
The STN Money Markets portal, currently one of the largest, fully disclosed, independent portals in the United States, provides multinational corporate treasurers with a central platform to diversify their short-term investments and to help mitigate currency risk â all while providing access to 240 multicurrency money funds through a single connection.
Supporting STNâs expansion in Europe is a complete regional data center and recovery infrastructure, and professionals located in the UK to manage and support STNâs growing list of trading destinations.