It is essential for broker dealers to have access to an extensive and secure transaction network as well as competitive execution services to help them achieve global growth and capture liquidity. IXEâs expanded relationship with SunGard will help it trade globally using SGN and execute electronically with GL Tactics. SunGard provides IXE with a stable network that reaches desktops around the world. GL Tactics provides the ability for IXE to create, deploy and execute trading strategies and algorithms such as TWAP, VWAP, and Percent Volume to help its clients competitively access and quickly execute trades.
Carlos Manuel RamÃrez Cervera, director of electronic services, IXE, said, âSGN is IXEâs preferred connectivity option because it is a secure global network with international private lines dedicated exclusively to market data and order routing. We also appreciate SunGardâs eagerness and timeliness in customizing GL Tactics, helping us provide our clients with enhanced order types for trading on the BMV. We are excited about these new capabilities as they are supported by experienced customer service teams that also have deep local expertise.â
Raj Mahajan, president of SunGardâs trading business, said âSunGard is dedicated to helping IXE efficiently access more liquidity, by providing enhanced order types and algorithms, and by helping expand its network of broker/dealer firms executing on the BMV. Customizing and developing unique order types and being connected to SGN helps IXE competitively execute in markets like Hong Kong and the US, helping it find revenue opportunities and lower costs through a single provider.â