By using SunGardâs Front Arena, Swedbank is able to provide its clients with a consistent best execution route, regardless of the level of trading activity. Swedbankâs traders in Stockholm and Helsinki use Front Arenaâs volume- and time-weighted average price (VWAP and TWAP) algorithms as well as alpha-seeking algorithms such as pairs trading. In addition, Front Arenaâs algorithmic trading functionality integrates with Swedbankâs existing solutions, helping to provide the bank with lower total cost of ownership and improved consistency of execution.
Claes-Urban Dackberg, acting head of trading at Swedbank at Swedbank, said, âIt is important that we maintain a steady level of client service, satisfaction and confidence, also when trading activities are high. With SunGardâs Front Arena, our traders are able to use trading algorithms in their daily execution to help improve their productivity. Front Arena also provides an open architecture that helps us cope with increases in trading volumes, adapt quickly to market changes, and expand to additional regions or businesses as needed.â
Juerg Hunziker, president of SunGardâs Adaptiv and Front Arena business units, said, âOver the years, we have built a strong relationship with Swedbank to help it increase trading efficiencies within its capital markets operations. Front Arenaâs algorithmic trading functionality is tightly integrated with the order management workflow, which helps deliver full transparency and effective execution.â