Scottrade selects SunGard Loanet for trading automation

Source: SunGard

SunGard's Loanet solution suite supports Scottrade, Inc., a leading online investing firm, with its expanding securities finance automation requirements.

Scottrade implemented Loanet's Trading and Inventory Management and Finance Allocation capabilities to help:

• Automate the firm's securities finance trading, order and inventory management functions.

• Automatically calculate and allocate revenue and expenses associated with borrowing activities for the firm's clients.

Since 1999, Scottrade has utilized SunGard's Loanet solutions.

"Firms across the financial industry are looking to increase transparency and efficiency across their operations. SunGard's Loanet provides a highly integrated suite of solutions for the U.S. securities finance industry to help firms achieve these goals." - John Grimaldi, executive vice president of SunGard's North American securities operations and securities finance business 

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