RiverCross chose Assent not only for its customization capabilities but also for its automation, speed and customer-centric approach via dedicated account management. Assent Correspondent Clearing Services help firms achieve cost efficiencies in clearing and settling equity and option transactions.
SunGardâs Assent Correspondent Clearing Services provide and utilize a host of integrated features including risk management and portfolio analysis tools, purchase and sales processing, and OASYS and ALERT Direct products from Omego LLC. Assent Correspondent Clearing Services support proprietary trading firms, institutional agency firms, and other broker-dealers including electronic communication networks (ECNs) and alternative trading systems (ATSs).
âRiverCross selected SunGard because of its willingness to provide a custom-designed clearing system in Assent,â said Paul Onderdonk of RiverCross. âWe are experiencing growth in volume and need a reliable, efficient clearing system, as well as a scalable architecture that can handle increasing capacity needs.â
Carmen Sturm, managing director, clearing, for SunGard's Assent business unit, said, âRiverCrossâs selection of SunGardâs Assent Correspondent Clearing Services demonstrates our commitment to providing efficient, cost-effective solutions to alternative trading venues, in addition to our traditional customer base.â