SUNGARD LINKS TRANSACTION NETWORK TO TOKYO FIX TRADING HUB

Posted June 16, 2008

WAYNE, Pa. and LONDON – SunGard has integrated its SunGard Transaction Network (STN) with Tokyo-based FIX trading hub MetaBit, supporting buy-side and sell-side STN users’ ability to automate trading connections with Asia-Pacific institutions.

“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 US markets,” says Daniel Burgin, Chief Executive Officer, MetaBit. “At the same time, US-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.”

MetaBit provides bilateral order flow for cash equities, index futures, options and commodity futures, offering direct electronic access to 34 brokers and 10 exchanges. STN users will see greater integration, automation and connectivity for international trading, according to SunGard.

“STN’s integration with MetaBit provides for a wide-range of coverage and local expertise in the Asia-Pacific region,” says Bob Ward, Chief Operating Officer of SunGard’s Wealth Management unit. “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 [SunGard’s sell-side trade order management system] are able to help SunGard’s wealth management and broker-dealer customers support their global trading initiatives in a fast, efficient and seamless environment.”