SunGard’s Fox River Execution Solutions Extends its Award-Winning Suite of Algorithms to Support Trading in Canada
June 18, 2012 — New York, NY
SunGard has extended its Fox River
suite of award-winning
algorithms to cover the Canadian equities market as well as the U.S., helping customers in the two countries trade inter-listed equities and reach a broader pool of liquidity. Traders can trade in one currency and settle in another, providing access to traditional and non-traditional trading venues in both countries with the simplicity of settling in a single currency.
Fox River provides algorithms that mimic the experience, logic and knowledge of a human trader. Instead of focusing on benchmarks, Fox River’s “Trader Logic” technology can seek and secure the best possible price under current market conditions. This quantitative approach helps portfolio managers, asset managers and hedge funds reduce information leakage, improve trade fill rates and improve best execution
Sang Lee, managing partner, Aite Group, said, “As the Canadian equities markets accelerate the use of electronic trading and move beyond the cash equities market, trading firms are looking for sophisticated algorithms. The buy side is becoming accustomed to leveraging more advanced trading tools, such as smart order routing, which is adding to that demand. The quality of the algorithms will become a critical factor for the buy side when they select platforms, putting the impetus on brokers to provide them.”
Bob Santella, chief operating officer for SunGard’s Fox River and Valdi trading solutions in the US, said, “According to research by Aite Group, there are hundreds of Canadian firms that are dual-listed on Canadian and U.S. exchanges. In addition, electronic trading volumes in Canada continue to grow. Fox River’s automated, cross-border trading tools help customers capitalize on those lucrative opportunities and access all possible liquidity pools, including traditional exchanges and alternative trading systems.” About SunGard’s Fox River Execution Solutions
SunGard’s Fox River Execution Solutions provide award-winning electronic execution trading systems to help customers achieve best execution and overcome market fragmentation. Fox River provides independent trading and technical support from pre-open to post-close, as well as post-trade analytics and back-testing capabilities to help customers identify opportunities to improve and customize trading results. Fox River also proactively monitors connections and markets to help ensure availability and optimal performance. For more information, please visit www.sungard.com/foxriverexecution
. About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com
Trademark Information: SunGard, the SunGard logo and Fox River Execution 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.
SunGard’s Fox River Execution Solutions, SunGard’s Correspondent Clearing and SunGard’s Securities Lending are offered by SunGard Brokerage & Securities Services LLC, Member NYSE, FINRA, SIPC.