SunGard has introduced SGN MatchMaker to US trading customers on the SunGard Global Network (SGN).
SGN MatchMaker is an on-boarding tool that helps improve the delivery of SGN services, which includes multi-asset order-routing capabilities for institutional asset managers, hedge funds and broker dealers globally, connecting over 1,600 buy-side firms to more than 500 liquidity providers through its single broker-neutral platform.
SGN MatchMaker will help customers in the US automate network connectivity requests and gain visibility into the authorization process and connection status. SGN MatchMaker is already used today by SGN customers in Europe, Africa and Asia. All SGN Securities customers, whether buy-side order flow contributors or sell-side providers of brokerage and algorithmic trading services, will now have access to a single service for their global on-boarding requirements.
Peter Squire, head of ICT Operations, at KBC Securities, said, "The SunGard Global Network gives KBC Securities worldwide business reach by providing the ability to collect order flows from our global clients and easily reach brokers who trade remote markets for us."
Daniel Mendes, equity derivatives sales, BBVA Global Markets, said, "SunGard has proved to be our best partner for reliable and user-friendly access to the markets we need worldwide."
Raj Mahajan, president of SunGard's global trading business, said, "In order to provide greater transparency and efficiency around network connectivity to our US customers, SunGard launched SGN MatchMaker. SGN Matchmaker will help US customers streamline the on-boarding process and access to SGN services."