View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 13, 2008updated 06 Sep 2016 2:39pm

SunGard adds UBS electronic trading to Brass order management system

SunGard, a financial applications provider, has added UBS Equities direct market access and algorithmic trading strategies to its Brass order management system.

By CBR Staff Writer

Brass customers will have the ability to access each UBS trading strategy through their current Brass interfaces. They will also be able to execute each strategy based on their own parameters such as pricing, pacing and aggression level, said SunGard.

UBS’s direct market access (DMA) and algorithmic trading suite includes standard algorithms for VWAP and TWAP, liquidity seeking algorithms, such as Tap and TapNow, and a variety of other strategies. SunGard’s Brass is an integrated trade order, execution and compliance management system supporting Nasdaq, listed, listed market making and sales trading for sell-side institutions.

Will Sterling, global head of direct execution at UBS, said: We are excited to be able to deliver DMA and advanced algorithms – including Tap – to SunGard’s significant broker-dealer network. In addition to expanded access to algorithms, customers of SunGard’s Brass will be able to access the quality, non-displayed liquidity in PIN ATS, UBS’s dark liquidity pool. This will help enhance the brokers’ ability to seek price improvement and minimize market impact for the benefit of their clients.

Satish Mujumdar, COO of Brass at SunGard, said: Giving Brass customers access to advanced execution strategies is part of our effort to help firms increase their profitability and diversify their businesses. With access to UBS’ DMA and algorithmic trading strategies, our customers will have access to an additional tool set helping them improve both efficiency and overall execution quality.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU