SunGard interfaces with Primex Auction system

SunGard interfaces with Primex Auction system

SunGard Trading Systems is to provide customers of the SunGard Transaction Network (STN) with direct access to The Primex Auction system.

Dealer participants on the STN will now be able to route equity orders through The Primex Auction to seek price improvement for customer orders, tapping liquidity made available by auction securities participants.

Tom King, president of the SunGard Trading Systems/Brass operating unit, says: "The Primex Auction is a valuable addition to our service offering and will provide our customers with an innovative new venue to use in search of price improvement and enhanced liquidity for their retail orders."

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