With the addition of Smart Loan, SunGardâs Loanet suite of securities lending solutions and the AQS securities lending market are now fully integrated.
Bruce Turner, president and chief operating officer at Quadriserv, commented: "SunGard has been an ideal partner as we continue the rollout of Quadriservâs AQS market. Together, we have successfully integrated front-end access for Smart Loan customers, and can now provide full integration with inventory and trading systems. As a result of this integrated link, loans executed through AQS will receive straight-through processing treatment consistent with existing OTC protocols, helping createsignificant efficiencies for users.â
John Grimaldi, executive vice president and general manager of SunGardâs Loanet business unit commented, âSunGardâs Loanet customers have responded favorably to the first phase of our integration with the AQS securities lending market, which includes seamless access to AQSâ liquidity and price discovery mechanisms. We are confident our customers will also respond favorabley to our next set of initiatives with AQS, featuring greater trading and inventory control.â