SunGard and TradingScreen Inc. today announced the launch of an integrated solution for buy-side traders.
Decalog provides portfolio and trade order management functionality, helps streamline investment workflow and helps traders achieve best execution on local and cross-border trading operations.
TradingScreen is a leading provider of multi-broker, multi-asset class automated trade execution and trade related products and services to financial market participants through its global electronic trading platform.
The new integrated offering will help asset management firms to stage trades between the two systems and to access their combined functionality. This best-of-breed approach offers a new level of practicality to buy-side traders and builds on the multi-asset class capabilities of both systems. It provides access to critical market information such as IOIs and pre-trade analytics; execution capabilities including direct market access; strategy building, trade management and best execution reporting; as well as the existing functionality of both systems.
"The greater complexity of the markets and the need to capture liquidity efficiently while achieving best execution and controlling trading costs, has made the task of buy-side traders increasingly difficult," said Philippe Buhannic, chairman and chief executive officer of TradingScreen. "The leading asset management firms that have consolidated their organization around a high quality OMS like SunGard's Decalog are now looking to improve their trading process by integrating pre-trade analysis, strategy management, access to algorithms, multi-asset class capabilities and global connectivity into a single system. Backed by a powerful staging process that we have developed over the last year with Decalog, the new integrated offering gives buy-side traders tools to help meet new regulatory and market challenges. Decalog and TradingScreen are leaders in their field and it was both logical and efficient to take a best-of-breed approach."
"Decalog continually strives to provide asset management firms with the best solutions for their needs. The evolution of new requirements, arising from changes in market structure and the regulatory environment, as well as the explosion of strategy and algorithmic trading, created a good case to collaborate with TradingScreen to provide an integrated solution that can be quickly delivered to address these new challenges. We are pleased with the results of our collaboration which offer a new level of trading efficiency to buy-side traders," said Thorsten Heissel, president of SunGard's Decalog business unit.