Brut establishes SunGard Decalog FIX link

Brut establishes SunGard Decalog FIX link

Alternative trading system Brut has implemented a FIX link to SunGard's Decalog trade order management system.

Through the SunGard Transaction Network (STN), Decalog users can now trade Nasdaq and US exchange-listed equities via Brut, and participate in the company's sponsorship programme. The programme allows buy-side clients to trade electronically via Brut, repatriate a portion of the commission dollars to a sponsoring broker of their choice, and retain value-added brokerage services.

SunGard recently announced its agreement to acquire the Brut ECN, buying out its banking partners in the venture.

Richard Schenkman, chief executive officer of Brut, say: "This partnership provides for the further integration of our sponsorship programme, which strengthens the relationship between institutional investors and broker-dealers."

Brut has also signed partnership agreements with Eze Castle, Moxy, Macgregor, Bridge Trading and FlexTrade.

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