Adam Honore, research director at research and advisory firm, Aite Group, said, âWhile the appetite for trading in new asset classes and geographies continues to grow, connectivity to new markets remains a significant impediment to many trading firms. A robust trading network is critical to jumpstart firms seeking the most expeditious route to new opportunities.â
Peter Squire, head of IT operations at KBC Securities, said, "GL Net's provision of DMA services for more than 110 global markets has helped us to grow our business across assets and geographies. We look forward to exploring the wider possibilities now opened up by the SunGard Global Network."
The SunGard Global Network will comprise several channels for trading various asset classes including SGN Securities, SGN Funds and SGN Short-term Cash Management.
SGN Securities integrates the BNet, GLNet and STN Securities networks, linking more than 1,600 institutional buy-side firms to more than 500 brokers and 110 global markets. SGN Securities helps customers manage the idiosyncrasies of trading in new markets and instruments, helping improve their time-to-market as they grow their businesses globally.
In addition to network connectivity, SGN Securities offers trading services, including message validation, normalization, enrichment and transformation. These services help relieve customersâ initial and on-going burden of supporting changing message protocols, OMS/EMS deployments, and requirements for new capabilities. Customers can also obtain access to real-time market data services, ASP-based market connectivity, and managed services for their FIX connectivity requirements. SGN Securities is built on high-capacity, low-latency, secured links between nearly 30 network hubs deployed in major financial centers worldwide.
SGN Short-Term Cash Management, previously STN Money Markets, helps organizations research, analyze, trade, monitor and report on money market funds and cash equivalents, including more than 200 investment options. SGN Funds, previously STN Funds, connects investors and intermediaries to mutual funds around the world.
Mark Volker, senior vice president of strategy for SunGardâs trading business, said, âNew instruments and trading venues, shifting investment strategies and regulatory changes are challenging existing business processes at financial services firms around the world. SGN is helping its community of members overcome these hurdles by providing high-performance connectivity and multi-asset class trading services that help accelerate customersâ growth strategies.â