First American Capital and Trading selects SunGard WealthStation

First American Capital and Trading Corp., an independent broker-dealer and investment banking firm based in Boca Raton, Florida, has chosen SunGard's WealthStation Trading to provide financial advisors with an advanced broker workstation offering trading and reporting functionality.

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The firm will also use WealthStation Client Accessto provide its clients secure online access to account information and market data. First American has also selected SunGard's Valdi order management system for agency and riskless principal orders. Both WealthStation and Valdi integrate with the back-office system provided by First American's clearing firm.

First American's broker-dealers, investment advisors, institutional investors and registered representatives across the globe will use WealthStation for trading across multiple asset classes, as well as for basket trading, performance reporting, consolidated on-screen data, real-time account views and trade execution. In addition, WealthStation will provide First American's retail and institutional clients with online access to up-to-date information on their accounts and tax lots, as well as market data, research, and performance reporting.

Robert Devito, chief financial officer at First American Capital and Trading Corp., said, "By choosing WealthStation and Valdi, we're pleased to be able to give our advisors the advanced trading capabilities they need to be more effective, and we're excited about the future possibilities of SunGard's ongoing developments in terms of processing, displaying and integrating information. WealthStation and Valdi help us to simplify trade processing and provide secure, online account access for our clients, helping them to stay informed and engaged in the process."

Melissa Cullen, executive vice president of SunGard's wealth management business, said, "In order to deliver the highest level of client service and effectively compete, advisors need technology solutions that offer the depth of functionality, speed and reliability in a streamlined environment. WealthStation and Valdi provide the flexibility to configure specific workflows to meet the needs of different types of users, and ultimately help enhance advisors' productivity and responsivonsiveness to client needs."

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