SunGard Integrates AQS Trade Data into Astec Analytics Product Suite
NEW YORK, NY - 24th May 2010 - SunGard has integrated
executed, market-driven trade data derived from Quadriserv's AQS securities
lending market into SunGard's Astec Analytics platform, its solution for
securities lending performance measurement and program management. The
integration of data from the AQS market alongside Astec's existing rate data
continues the trend toward a market-driven approach to true price discovery and
transparency for the securities lending industry.
Thomas Little, president of AQS Market Data Services, Inc. a wholly-owned
subsidiary of Quadriserv, Inc. commented, "The defining hallmarks of the
AQS market include access and transparency, and the integration of AQS market
information into Astec Analytics directly advances both goals. More generally,
we continue to be encouraged that our strategic partnership with SunGard is
yielding tangible benefits for industry participants, and look forward to
continuing to deliver innovative, productivity enhancing technology."
Tim Smith, executive vice president, Astec Analytics, SunGard, commented,
"The success of SunGard's Astec Analytics product depends on
best-in-class, daily transaction data and information delivered to securities
lending professionals. Including trade data from AQS, one of the world's
largest, centrally cleared securities lending markets, into Astec's product
suite will allow our customers to have access to AQS market pricing. We are
pleased to deliver this innovation, and believe it will help provide a distinct
competitive advantage for Astec's customer base."
AQS data is currently available as an integrated offering within Astec
Analytics Lending Pit product, and will be integrated into SunGard's Securities
Finance product suite, including SmartLoan and Loanet, during the third quarter
of this year.
About Quadriserv, Inc.
Quadriserv is a leader in delivering transformational market structure changes
to the securities lending industry. Quadriserv, through its wholly owned
subsidiary, Automated Equity Finance Markets, Inc., has developed the AQS®
market for securities lending. AQS, through its relationship with The Options
Clearing Corporation, operates a centralized marketplace for securities lending
transactions in the U.S., and plans to expand into the European market through
its relationship with Eurex Clearing. As a FINRA member broker-dealer and a SEC
regulated alternative trading system, AQS aims to maximize liquidity, access,
credit and transparency, while mitigating systemic risk, through a fully
automated trading environment. For more information about Quadriserv, please
visit www.quadriserv.com or www.tradeaqs.com.
About SunGard Securities Finance
SunGard Securities Finance provides services and solutions for securities
lending and financing. Financial institutions worldwide, including broker
dealers, hedge funds and custodial banks, depend on SunGard for recordkeeping,
operations and settlement. SunGard Securities Finance provides order routing,
comparison, mark-to-market and automated recall services, enabling exception
based straight-through processing between industry participants. SunGard
Securities Finance also offers solutions for short sale automation, inventory
management and optimization, and regulatory reporting for U.S. broker dealers.
About SunGard
SunGard is one of the world's leading software and technology services
companies. SunGard has more than 20,000 employees and serves 25,000 customers
in 70 countries. SunGard provides software and processing solutions for
financial services, higher education and the public sector. SunGard also
provides disaster recovery services, managed IT services, information
availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune
500 and is the largest privately held business software and IT services
company.
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