SUNGARD ADDS ACCESS TO NYSE ARCA EUROPE

Posted September 9, 2009

LONDON – SunGard and NYSE Arca Europe have formed a partnership under which users of SunGard’s application service provider-based connectivity services will gain access to NYSE Arca Europe, a multi-lateral trading facility.

The partnership to facilitate member connectivity will allow SunGard customers not yet trading on NYSE Arca Europe to connect to the platform at no additional fee for an initial period.

“Building partnerships with leading service providers to help ensure a smooth connectivity process for our clients is a key step forward in building our business across Europe,” says Virginie Saade, head of NYSE Arca Europe. “We are delighted to enter this partnership with SunGard. Their ASP-based connectivity services are an excellent solution for trading firms. We are confident that our partnership with SunGard will help us to reach new customers.”

SunGard’s ASP-based connectivity services help trading firms access and trade on NYSE Arca Europe and support multi-venue trading strategies in the increasingly fragmented European equity markets, including hosted access to eight European MTFs.

“One of the challenges faced by European financial firms is to determine which liquidity pools to trade on,” says Vincent Burzynski, Chief Product Officer, Global Trading Business Unit at SunGard. “Ideally, they need to test the liquidity pools and then select the most appropriate to reach their business goals. SunGard’s ASP-based approach provides a cost-effective response to this need. The services’ framework is designed to allow customers to try different platforms and trading approaches, helping them to make changes easily and cost-effectively.”