Kohlberg Kravis Roberts & Company (KKR), a leading global alternative asset manager and private equity firm, has selected SunGard's STN Securities solution to help improve its trading efficiency from price discovery through execution.
STN Securities is part of the SunGard Transaction Network, an order routing network for equities, fixed income and options, connecting asset managers, issuers, and broker-dealers globally.
In today's financial climate, asset managers need to position their businesses in a way that helps them to effectively compete for assets and reduce transaction expenses. To achieve this, they need trading tools that help them enhance communication between institutions while improving execution quality and transparency. STN helps automate the steps in the trade lifecycle from order and execution through the post-trade process. In addition to providing KKR with a reliable order routing network, STN will integrate with KKR's order management system to help achieve a straight-through processing environment.
Ed Brandman, chief information officer at KKR, said, "Through its extensive network connectivity SunGard's STN will give our firm the tools we need to help us gain increased liquidity access, price transparency and transaction data integrity."
Kevin Rafferty, president of SunGard's wealth management business, said, "SunGard provides asset managers with solutions that help them focus on managing and growing their clients' assets. STN provides the connectivity, automation and reliability to help asset managers gain control of transaction costs, minimize failure rates and streamline their trading processes."