E*TRADE Capital Markets Selects SunGard’s BRASS EnGard for Compliance

SunGard today announced that E*TRADE Capital Markets, LLC has selected BRASS EnGard as its real-time trading compliance solution. BRASS EnGard is a Web-based, compliance lifecycle and business management solution for institutional equities trading businesses. BRASS EnGard helps firms automate and manage the compliance lifecycle, including surveillance, internal investigations, documentation and reporting ¾ helping firms to monitor risk exposure and opportunity cost, improve workflow and automation of surveillance, and streamline their operations.

E*TRADE Capital Markets will use BRASS EnGard in its compliance reporting and surveillance areas. Dave Grove, senior vice president, E*TRADE Capital Markets, said, “E*TRADE has an unwavering commitment to compliance and best execution. We expect that SunGard’s EnGard will provide a comprehensive set of compliance functionalities to complement our current initiatives and further this commitment.”

Raj Mahajan, president of SunGard’s BRASS business unit, said, “Regulatory reporting, compliance and reputational risk have changed, and will continue to change, the face of equities trading. EnGard helps our customers to not only address the current regulations, but to also adapt to and address future regulations as they are introduced.”