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SunGard Extends Trading Connectivity in Asia-Pacific
WAYNE, Pennsylvania and LONDON, June 16 /PRNewswire/ --
SunGard has integrated its SunGard Transaction Network (STN) with
Japan-based trading hub, MetaBit. This will help SunGard's buy-side and
sell-side customers automate their trading connections with institutions in
the Asia-Pacific region thereby helping improve integration, automation and
connectivity of the international trade lifecycle.
Based in Tokyo, MetaBit is Japan's only provider of a pure local FIX
trading hub providing bilateral order flow for cash equities, index futures,
options, and commodity futures, giving buy-side institutions direct
electronic access to 34 brokers and ten exchanges.
STN facilitates global execution through a single point of access and the
integration with MetaBit now provides bilateral links to each other's
regional trading communities from their home markets. In addition, SunGard's
Brass, an integrated sell-side trade and order management solution suite,
will use STN to provide its U.S. brokerage customers with distribution access
to global investment managers.
In the past, institutions used multiple networks to reach various
regional pockets of trading. Today, more wealth managers are trading
internationally and investing in Europe and Asia-Pacific. STN's comprehensive
regional coverage through hub-to-hub connectivity between regions and
countries helps eliminate the need for buy-side institutions to maintain
separate network connections in these regions. STN provides one connection
that offers real-time trading and also uses industry standards such as SWIFT
and FIX protocol formats, as well as proprietary trade messaging formats to
help maintain operational efficiency.
"Connecting MetaBit's MLH FIX network with SunGard's STN creates a
powerful value proposition for MetaBit's Japan and Asian customer base to
trade in U.S. markets. At the same time, U.S.-based customers of STN will be
offered seamless connectivity to Asia-Pacific. The network-to-network
connectivity between MetaBit and STN creates a truly global FIX trading
network, built on local, specialized market expertise," said Daniel Burgin,
chief executive officer, MetaBit.
Bob Ward, chief operating officer of SunGard's wealth management
business, said: "STN's integration with MetaBit provides for a wide-range of
coverage and local expertise in the Asia-Pacific region. In today's volatile
markets, real-time automated trading networks are essential to facilitate
cross-border financial transactions. By providing access to financial markets
around the world, STN and Brass are able to help SunGard's wealth management
and broker-dealer customers support their global trading initiatives in a
fast, efficient and seamless environment."
About MetaBit
MetaBit is the provider of MLH (Market Liquidity Hub) an Asian broker
portal that currently provides buy sides Direct Market Access (DMA) to 34
brokers and access to ten exchanges. The MLH is accessible through MetaBit's
intuitive buy side trading tool XiliX, or via the FIX Protocol. MetaBit is
the only provider of pure FIX-to-native exchange connectivity to TSE, OSE,
JASDAQ and TOCOM. MetaBit also offers exchange message simulators to Japan's
major stock exchanges and actively promotes FIX throughout Asia. MetaBit
further offers FIX testing and certification services to the industry. XiliX
and MLH are registered trademarks of MetaBit. For more information please
visit www.meta-bit.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 SunGard
With annual revenue of US$5 billion, SunGard is a global leader in
software and processing solutions for financial services, higher education
and the public sector. SunGard also helps information-dependent enterprises
of all types to ensure the continuity of their business. SunGard serves more
than 25,000 customers in more than 50 countries, including the world's 50
largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Brass 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.
For more information, contact:
Adriana Senior
SunGard
Tel: +1-718-578-1130
Email: adriana.senior@risk.sungard.com
Web site: http://www.sungard.com
http://www.meta-bit.com






