London, October 1, 2001 – SunGard Trading Systems, an operating unit of SunGard (NYSE:SDS), announced today that it has entered into a strategic alliance with DST International (DSTi), focused on the connectivity between DSTi’s HiPortfolio/2 and HiInvest product ranges and the SunGard Transaction Network, STN. The HiPortfolio/2 STN interface is scheduled for production release this quarter.
DSTi’s suite of products will connect to the STN and will allow DSTi users to route orders electronically into the market without manual intervention. Integration with STN brings clear advantages: a reduction in costs, a reduction of error potential, and full straight-through processing.
SunGard Trading Systems president and chief operating officer, Tom King, says, "We are pleased to be able to announce this agreement with DSTi. Linking to STN will provide yet another positive step towards the realization of real-time straight-through processing for DST’s HiInvest and HiPortfolio/2 clients from order creation through to execution and beyond, enhancing buy-side to sell-side connectivity."
Steve Edkins, chief operating officer of DSTi, adds,"This arrangement widens the opportunity for our global institutional clients by providing them with further FIX connectivity to their chosen broker/dealer community. This partnership also enables our clients to benefit from the sophistication of the DSTi applications coupled with the added value of SunGard’s connectivity and execution capabilities. The combined solution brings together a single STP solution for both order flow and execution."
HiInvest incorporates all the latest functionality required by fund managers, enabling complete control of all data and the ability to make the most informed and timely investment decisions on a new transaction. HiPortfolio/2 is a proven, scaleable and global solution, optimised for high volumes and straight-through processing. It offers functionality for global best practices and accounting standards.