SunGard today announced that KeyBanc Capital Markets, a full-service investment banking, brokerage and investment advisory firm, has selected SunGard’s Assent Liquidity Services for sponsored access, algorithmic trading and access to U.S. dark pools through the Assent Dark Pool Aggregator. KeyBanc also renewed its commitment to SunGard’s Brass Order Management System (OMS) and Protegent Trading Compliance (PTC) solution.
SunGard’s suite of trading solutions helps customers reduce latency and improve execution across multiple platforms, instruments and geographies. The Assent Dark Pool Aggregator provides KeyBanc with an intuitive dark aggregation engine for a single point of access to reach strategically targeted dark venues as well as SunGard’s Assent ATS. Assent Sponsored Access offers KeyBanc high-speed, low latency connectivity to venues. Assent Algorithms helps KeyBanc maximize risk-adjusted performance by measuring trade-offs involving risk, execution costs and expected returns, and helps reduce transaction fees by optimizing the market rebate structure to lower overall transaction costs.
KeyBanc also benefits from SunGard’s Brass OMS, an integrated trade and order management solution suite supporting Nasdaq, listed, listed market making and sales trading. SunGard’s Brass OMS facilitates trade execution through connectivity with the buy-side community via the STN (SunGard Transaction Network), through links with major back-office clearing firms, and through direct access to major domestic exchanges and trading destinations. SunGard’s Protegent Trading Compliance solution provides KeyBanc with enhanced compliance reporting and surveillance capabilities and support for compliance obligations.
Kevin Kruzensky, managing director at KeyBanc, said, “SunGard’s advances in execution services have helped our business relationship to continue its growth trajectory. SunGard’s innovative trading technology supports the entire trade lifecycle, helping us to lower overall costs, successfully manage risk and seek additional revenue opportunities.”
Raj Mahajan, president of SunGard’s trading business, said, “KeyBanc understands the value of using one technology vendor to support its strategic trading objectives. SunGard’s goal is to help KeyBanc access new markets, further increase profitability and help automate the compliance process, and we look forward to continuing to support its business every step of the way. ”
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