Paris-based Credit Lyonnais Asset Management (CLAM) has implemented SunGard's Decalog order management system using the FIX (Financial Information Exchange) protocol for broker connections.
SunGard says Credit Lyonnais is using the FIX capabilities of the Decalog trading blotter to link to multiple brokers for orders and executions. The first connection is already live with Morgan Stanley Dean Witter.
Arnaud Fricaudet, director of the asset management technology department, Credit Lyonnais, says: "Electronic market connectivity is critical to speed up our ever increasing order processing flow, and the ability to link to multiple brokers from the Decalog trading blotter is considered a major benefit in our organisation."