Press Releases
SL Hare Capital to Provide SunGard STN to Utility, Corporate, Higher Education and Government Customers
March 16, 2009 — Wayne, PA
March 16, 2009 –
SL Hare Capital, a Los Angeles-based investment banking firm and certified Disabled Veteran and Minority-Owned Business Enterprise, will provide the
SunGard Transaction Network’s (STN)
Money Market portal to its customers, which include public utilities, corporations, government, and colleges and universities.
Corporate treasurers use the Web-based STN Money Markets portal to invest their short-term liquidity assets. Using STN, SL Hare Capital customers will be able to directly purchase and sell money market funds and execute commercial paper and certificates of deposit transactions through a single electronic connection. By offering access to a wider group of investment options and simplifying daily processing requirements, the STN Money Markets portal will help SL Hare Capital customers meet internal investment guidelines, manage regulatory compliance, maximize investment returns, and facilitate straight-through processing.
Taub T. Swartz, managing director at SL Hare Capital, Inc., said, “SunGard’s STN will help our customers manage the raising, use and deployment of capital in their daily treasury operations, as well as help SL Hare Capital to further diversify its business with this added functionality. In addition, SL Hare Capital customers that use STN for their money fund trading will be doing business with a disabled veteran and minority-owned firm, while gaining the advantages of SunGard’s proven technology.”
Kevin Rafferty, president of SunGard’s
wealth management business, said, “Organizations that have access to an efficient electronic method for managing their cash and liquidity will be able to more effectively meet the challenges of counterparty risk, liquidity and complex instruments. STN provides one centralized, automated source for buying and selling institutional money market funds, streamlines cash management with one-stop trading across multiple money fund providers, and helps reduce technology expenditures while expanding revenue opportunities.”
About SL Hare CapitalSL Hare Capital is a Los Angeles-based investment banking firm which provides corporate and municipal debt underwriting services, equity capital markets, and institutional equity trading. SL Hare Capital is certified as both a Disabled Veteran Business Enterprise (DVBE) and a Minority-Owned Business Enterprise (MBE). Visit SL Hare Capital at
www.slharecapital.com.
About STN A trade automation, compliance and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including U.S. and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.
About SunGardSunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at
www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker
http://www.datamonitor.comSTN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited - Authorised and Regulated by the Financial Services Authority * Registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ. SunGard Global Execution Services Limited is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the FSA under UK laws, which differ from Australian laws.
STN Brokerage Services offered throughout the United States are provided by SunGard Institutional Brokerage Inc. * Member FINRA/SIPC * 377 E. Butterfield Rd., Suite 800 * Lombard, IL, USA 60148
STN Order Routing Services provided in Japan and Singapore are provided by SunGard Institutional Products LLC
Trademark Information: SunGard, the SunGard logo and STN are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.