Greywolf laps up SunGard products

Source: SunGard

Greywolf Execution Partners, Inc, a NYSE Euronext Member trading firm, has selected SunGard's Valdi Order Management System (OMS), Valdi Liquidity Solutions, MarketMap and SunGard Global Network (SGN) for its institutional trading business. Greywolf chose SunGard to help simplify and manage its trade lifecycle across multiple platforms, creating trading and operational efficiencies.

SunGard's global trading solutions will help Greywolf enter new markets and trade new asset classes more quickly and easily and find new revenue opportunities. SunGard will also help Greywolf increase speed of execution with a more streamlined trade lifecycle. Greywolf Execution Partnershas also signed up for the Valdi Shares Reward Program, which provides non-fiduciary sell-side firms with the ability to earn credits toward technology fees and reduce their overall technology costs when executing or clearing trades through SunGard's Valdi Liquidity Solutions.

In order to be competitive in today's trading environment, trading firms need to be first to new market opportunities and to modify their technology infrastructures for fast deployment. SunGard offers customers an agile and reliable framework that helps them trade multiple asset classes and currencies from one trading screen. SunGard's Valdi Liquidity Solutions are tightly integrated into the Valdi OMS, helping decrease time to market. SGN Securities provides connectivity to global markets reaching over 1,600 buy-side firms and more than 500 liquidity providers through a single broker-neutral platform. To help meet its global market data needs, Greywolf will also use SunGard's MarketMap, which provides flexible access to cost- effective, high quality global market and fundamental data, charting, and news, as an integrated package within Valdi.

Christopher. Martin, president of Greywolf Execution Partners, Inc, said, "Our goal is to provide our customers with a consultative approach to trading. We are able to do this because our firm has years of market experience and we are located on the floor of the NYSE. SunGard's Valdi and MarketMap solutions, and the SunGard Global Network will help us grow our business by helping us effectively manage and execute trades and broaden our reach into new asset classes and markets."

Raj Mahajan, president of SunGard's global trading business, said, "We provide a 360 degree approach to trading that creates economies of scale and cost savings for our customers. Our solutions assist our customers in growing their business by helping them expand into new markets, and to execute more volume through our competitive execution services. We also help our customers gain economies of scale by working with a single vendor and by participating in Valdi Shares Rewards."

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