SunGard Fox River algos come to Silexx Obsidian platform

Source: SunGard

SunGard's Fox River Execution Solutions ("Fox River") is helping traders achieve more rapid growth by making its award-winning algorithms available to users of Silexx's Obsidian execution management system (EMS).

By providing Silexx customers access to Fox River's entire algorithm suite, professional traders and risk managers using Silexx will now have the tools to help improve execution quality, as well as provide Fox River customers with the ability to access the Silexx EMS.

"SunGard's Fox River algorithms will help provide Silexx traders and risk managers with improved fill trade rates and best price and execution. In addition, Silexx can offer customers a cost-effective, front-end gateway to Fox River algorithms." - Thomas Frey, president, Silexx Financial Systems.

"The availability of Fox River's algos on the Silexx platform will help traders leverage innovation to achieve growth targets by reducing trading cost and risk while increasing execution performance." - Bob Santella, president, SunGard's brokerage business.

Silexx's Obsidian platform provides the ability to dynamically generate an interface for all of Fox River's algorithm parameters, giving users the ability to seamlessly integrate their algorithms on the Obsidian platform and control the parameters of every algorithm.

Fox River helps buy-side and sell-side firms improve execution quality, minimize information leakage, and decrease overall execution costs. Fox River's algorithms provide a human element, mimicking the experience, logic and knowledge of a brilliant trader. Silexx's Obsidian is a multi-asset class trading platform used by brokerage firms, institutions and trading desks. It provides advanced trading analytics, real-time trading risk control and a low latency environment. 

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