17 July 2018
Visit www.gemalto.com

Knight Clearing Services deploys SunGard Loanet

18 February 2010  |  3488 views  |  0 Source: SunGard

Knight Clearing Services LLC (Knight), a subsidiary of Knight Capital Group, Inc., has implemented SunGard's Loanet securities finance solution suite to help manage the requirements of its front-office, accounting, settlement and clearance and regulatory operations within its newly formed securities lending division.

SunGard's Loanet is a securities finance managed service that offers not only functionality across the entire trade lifecycle, but also the communications to help ensure efficient market access and maximum operational automation with other market participants. Loanet offers Knight speed to market coupled with the benefits of joining an established securities lending community.

Knight wanted to establish a technology platform to support the addition of securities lending capabilities as an extension of its equity and fixed income trade execution services for broker-dealers. Using Loanet Smart Loan to manage its front-office activities, Knight can control stock positions and manage locates, which helps provide the firm with a high degree of automation and the ability to spend more time on added-value trading activities.

Christopher Pento, managing director and head of Knight Clearing Services LLC, said, "We believe Loanet is a solid, proven platform for the securities finance business, and one that allows us to establish a self-clearing model with an industry standard solution. SunGard's Loanet provides us with a tightly integrated, fully automated solution that helps manage our needs for securities lending."

John Grimaldi, executive vice president and general manager of SunGard's Loanet business unit, commented, "We are pleased to have Knight join our established securities finance customer community. Our expertise comes from a long history of providing customers with comprehensive services for their North American domestic securities lending and associated financing needs."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10404 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9377 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8742 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7747 views comments | 1 tweets | 5 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job