SunGard has been named “Best Options Trading Platform Vendor” and “Best Broker-Dealer – Algorithms” in the 2014 Wall Street Letter Institutional Trading Awards for its Front Arena solution and Fox River Execution Solutions, respectively. The award winners were announced at the Wall Street Letter's third annual Institutional Trading Awards, hosted by Mark Mardell, North American editor for BBC News, on February 25 in New York City.
SunGard’s Front Arena delivers a flexible trading platform to manage both listed and OTC traded instruments across the entire trade life cycle, from order management, trade execution, market making, and position and risk management to clearing and settlement. SunGard’s Fox River algorithms help improve execution quality, minimize information leakage and decrease overall execution costs, and provide a human element, mimicking the experience, logic and knowledge of a skilled trader. Winning multiple award categories proves SunGard’s commitment to providing a competitive advantage by delivering comprehensive trading, position and risk management.
“Wall Street Letter is pleased to award SunGard top honors as part of our third annual Institutional Trading Awards. Our judges felt that SunGard has continued to demonstrate its ability to innovate with key technology developments, as well as anticipate and address industry needs with its solutions”, Jeanene Timberlake, managing editor, Wall Street Letter
The Wall Street Letter Institutional Trading Awards recognize excellence among providers to the institutional trading industry, and are independently judged based on the level of innovation, client satisfaction and positive impact the providers have made in the market over the last year.