To grow its business in an increasingly competitive environment, ARCA needed to enhance the scalability and operational efficiency of its trading platform for fixed-income securities. Key objectives included automating order management workflow and opening market connectivity to inter-dealer trading platforms. Asset Arena Trader 6.0 will help ARCA connect to trading platforms and access deep pools of liquidity in fixed income markets.
âWe have been using SunGardâs Asset Arena since 2002, due to its functional coverage and ability to meet our business needs,â commented Andrea Marchesi, head of ARCAâs organization department. âAsset Arena Trader Version 6.0 was implemented over a four-month period with the help of SunGardâs Asset Arena professional services team. It has helped us to realize the benefits of enhanced market connectivity to achieve best execution, as well as full automation of trade placement and execution. Thanks to the FIX protocol, which ARCA has been using successfully for equity trades since 2002, Asset Arena Trader has helped ARCA to manage more than 65% of its equity and fixed income trades. With the implementation of Version 6.0, our objective is to increase this percentage up to 80% by the end of 2008.â
Eyal Yaron, managing director of SunGardâs Asset Arena Trader, Manager and Compliance solutions, commented: âWe value our relationship with ARCA and have worked closely with them to deliver technology enhancements that will support their growth objectives. Asset Arena Trader 6.0 will help ARCA meet more complex trade operation requirements in the fixed-income markets, while also helping expand its trade processing volumes and achieve best execution.â