Oppenheimer & Co. Inc.'s Equity Capital Markets group is relying on SunGard's Brass Liquidity Services* algorithms to help it better serve clients, reduce trading costs, and improve productivity and overall performance.
The Brass Liquidity Services algorithm strategy suite provides Oppenheimer traders with comprehensive historical statistics and real-time monitoring of market conditions to help them make more informed decisions and capitalize on available liquidity. Brass Liquidity Services Algorithms can also facilitate enhanced risk-adjusted performance by making trade-offs between risks and expected returns.
Oppenheimer is already leveraging a varied suite of SunGard trading solutions, including the Brass order management system for listed trading in its U.S. equity capital markets desk; the SunGard TotalAccess execution management solution for direct market access in its proprietary trading business; and the Brass Liquidity Services Dark Pool Aggregator for a single point of access to reach strategically targeted dark venues. This integrated Brass suite of trading solutions and services across the trade lifecycle helps firms like Oppenheimer to improve execution quality and minimize information leakage.
Peter Giordano, executive director, Institutional Equities for Oppenheimer, said, "We decided to use SunGard's algorithms for several reasons. We appreciate SunGard's depth of experience, and its eagerness and timeliness in customizing the Brass algorithms to our specifications demonstrates how well it understands our business. Rounding out our use of SunGard trading solutions with the addition of Brass algorithms helps us to get the most out of our IT investment through streamlined integration, full transaction lifecycle management and ongoing cost efficiencies."
Raj Mahajan, president of SunGard's trading business, said, "Our customers can continue to rely on us to innovate in tough market conditions to help them enhance their ability to access liquidity for best execution. SunGard's integrated trading platform and services help our customers increase revenues, improve processing efficiencies and manage risks. Additionally, our neutrality gives our customers confidence that their positions and strategies are protected."
*Brokerage products and services offered by Brass Liquidity Services and SunGard TotalAccess are provided by Assent LLC, member FINRA/SIPC.