ABG Sundal Collier (ABGSC), a Nordic institutional brokerage firm, has chosen SunGard's Front Arena to replace its former multi-vendor infrastructure for trade execution, order management, and proprietary trading.
Front Arena will provide ABGSC with a hosted platform and managed services to help support trading activities from the firm's offices in Oslo, Stockholm, Gothenburg, Copenhagen, Frankfurt, London and New York.
Front Arena's hosted solution will provide ABGSC's brokerage and proprietary trading business with premium latency, high bandwidth and access to electronic trading venues to support its global operations and growth goals. ABGSC will also use Front Arena for a consolidated view of open positions, P&L, market exposure, and risk.
"When we needed to replace our order management system, it became clear that by choosing SunGard's Front Arena's hosted and managed solution we could improve our workflow and enhance our overall business efficiency. Working with one vendor to provide our trade execution, order management, and proprietary trading operations on one platform will help ABG Sundal Collier to operate smarter in today's competitive trading landscape." - Lars Wiberg, head of execution trading, ABG Sundal Collier
"We are very pleased that ABG Sundal Collier recognized the value in working with SunGard as we provide the required experience, software and services to meet their growing electronic trading needs. SunGard's Front Arena's hosted and managed solution will help ABGSC to lower their total cost of ownership by consolidating its current infrastructure and managing the responsibility of supporting the firm's execution, order management, and proprietary trading business to reduce operational risk." - Christian Kromann, executive vice president, SunGard's Front Arena business