Surge Trading is New Destination for Trade Execution via SunGard’s Global Network
Jersey City - 8 December 2009
SunGard has added Surge Trading, a New York-based electronic market maker, as a new destination for accessing available liquidity via SunGard’s routing network. SunGard’s global network of order routing solutions helps customers increase performance, reduce latency and improve best execution across multiple platforms, instruments and geographies. SunGard provides access to over 150 markets and 2,500 brokers and buy-side firms around the globe for multi-asset trading.
Surge Trading, which provides trade execution to the capital markets, will help customers of SunGard’s Brass to access liquidity and seamlessly connect to Surge Trading in a matter of days.
Joseph Marinaro, chief business development and strategy officer of Surge Trading, said, “We are very pleased to offer Surge Trading as an execution point to SunGard’s global network. Surge Trading will help Brass customers gain access to new liquidity, reduce market impact and increase execution quality.”
Satish Mujumdar, chief operating officer of SunGard’s Brass business unit, said, “In this expanding industry, connectivity can be the lifeblood of a trading firm. The technology burden and expense of maintaining a routing infrastructure can hamper a company’s ability to achieve best execution. Adding destinations like Surge Trading to SunGard’s global network highlights our continued dedication to helping our customers achieve best execution by providing easy access to more liquidity.”