SUNGARD Wins WATERS’ Sell-Side Tehnology Awards for best trading network and SOR
SunGard Global Network for Securities (SGN Securities) and SunGard’s Fox Flashlight have been named “Best Sell-Side Trading Network” and “Best Smart Order Routing Tool” at Waters magazine’s 2014 Sell-Side Technology Awards, respectively. The award winners were announced at an event on April 15 in New York. Used by more than 2,500 financial institutions, SGN Securities supports global, multi-asset class institutional trading by connecting sell-side and buy-side firms to 150+ exchanges and other liquidity venues worldwide, to help automate the electronic purchase and sale of a wide range of financial instruments. Part of SunGard’s Fox River Execution Solutions, Fox Flashlight is a smart order routing tool that interacts with both displayed and non-displayed markets – such as dark pools, market makers or reserve books on exchanges – to help traders increase liquidity.“Waters congratulates SunGard for receiving top honors in our 2014 Sell-Side Technology Awards. Our judges determined that SunGard’s continued platform innovations, global reach and demonstrable success in helping firms improve trading profitability and efficiency were strong contributors to winning in the best trading network and smart order routing categories.”- Anthony Malakian, U.S. editor, Waters“We’re pleased with the recognition that SunGard has received in its ability to help sell-side institutions offer clients integrated, tailored solutions, and help traders increase liquidity while improving trading execution and prices.”- Bob Santella, president, SunGard’s brokerage business Waters’ Sell-Side Technology Awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of eight judges, including four sell-side CIOs/consultants and four of Waters magazine's senior staff members.