We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Sungard Data Systems (NYSE:SDS)
SDS 17.22+4.7%Sep 23 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JakeStraw who wrote (92)11/26/2001 10:34:11 AM
From: JakeStraw  Read Replies (1) of 131
SunGard Transaction Network Adds Fixed Income Trading on ValuBond
Users of Largest Dealer Network Now Have Access to Live Bond Trading Platform
CHICAGO, Nov. 26 /PRNewswire/ -- SunGard Financial Networks, an operating group of SunGard (NYSE: SDS - news), announced today that it will be providing customers of the SunGard Transaction Network (STN) with direct access to fixed income trading on ValuBond.

STN Fixed Income is an integrated transaction network that facilitates straight-through processing between asset managers, brokers, ECN's, exchanges, banks, settlement agents and custodians. The ValuBond trading platform is a distributed, real-time, secure and efficient trading infrastructure that supports the collection, management, display and execution of fixed income securities. This partnership will provide STN customers with complete end-to-end fixed income trading and processing.

Customers will be able to place orders for municipal, corporate, agency, and treasury bonds, which will be executed on the live, anonymous ValuBond fixed income platform. STN users will also have access to ValuBond's original issue market products. Existing STN Equities customers can leverage off of the integration of their current STN connection to access this new SunGard solution.

Lisa Edwards, president of ValuBond, Inc., comments, ``SunGard integrates with a network of users that includes hundreds of top tier financial services firms that look to us for their advanced fixed income trading needs. SunGard is dedicated to bringing cutting-edge execution to the hundreds of firms that rely on STN. When combined with ValuBond's objective of bringing open, anonymous, transparent access and trading to the bond market, it is a very natural fit.''

Paul Schneider, chief executive officer of SunGard Financial Networks, adds, ``With our new fixed income solution, we continue to expand STN to meet our clients' needs and provide straight-through processing for transactions across a variety of products. We are excited about our partnership with ValuBond because it creates an end-to-end solution for fixed income trading, allowing hundreds of banks and investment managers to trade fixed income securities on STN, and it integrates with the same technology platform that our clients already use for processing equity transactions.''
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext