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Tradewire deploys SunGard clearing, global EMS, and liquidity services

23 June 2009  |  1214 views  |  0 Source: SunGard

Tradewire, a US broker dealer with a focus on institutional and private clients in Latin America, has implemented a comprehensive SunGard trading solution to support its global trading business.

SunGard's GL Win and Assent solutions provide Tradewire with 360 degree transaction lifecycle management. SunGard is supporting Tradewire's core business, institutional equity trading for buy-side customers.

SunGard's suite of pre- to post-trade solutions is helping Tradewire improve its execution quality and risk management capabilities. Tradewire sponsors SunGard's global, multi-asset, multi-broker execution management system (EMS) GL Win on its buy-side customers' desktop. It receives an order and connects to displayed market centers and dark pools through SunGard's proprietary FIX network. It then uses GL Win and SunGard's Assent Liquidity Services to help monitor pre-trade risk, perform trade execution and clear trades through SunGard's Assent correspondent clearing and settlement services. Utilizing one vendor helps Tradewire achieve cost efficiencies and create transparency across the trading lifecycle with a 360 degree trading solution.

Alexandre Artmann, chief executive officer of Tradewire, said, "SunGard's end-to-end suite of services helps us provide complete, cost-efficient brokerage services to our institutional customers. SunGard also provides a program to assist us in achieving cost efficiencies: we enrolled in the Assent Shares Rewards Program, which allows us to earn credits toward our technology fees and reduce our overall costs by executing and clearing through SunGard's Assent solutions."

Raj Mahajan, president of SunGard's trading business, said, "SunGard's comprehensive trading solution is helping Tradewire grow its business with new and existing clients. SunGard is committed to assisting its customers to better serve their clients by helping them reduce their trading costs, improve their productivity and their overall performance."

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