Macquarie selects Sungard's Fox River for US electronic trading
New York, 13 May 2015
- SunGard to provide dedicated trading infrastructure and software to Macquarie Securities through its leading-edge Fox River products
- In combination with Macquarie’s existing global execution platform, SunGard’s Fox River will help enhance Macquarie’s US offering to global institutional investor clients
Macquarie Securities, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced it has selected SunGard’s Fox River Execution Solutions (“Fox River”) electronic trading software and infrastructure in the US. By integrating Fox River with Macquarie’s global execution platform and dedicated environment, Macquarie will provide its clients with an independent trading environment, giving them the ability to customize their trading strategies and differentiate their services.
Damian Hoult, Global Head of Execution Services at Macquarie, said: “SunGard provides best-in-class infrastructure, an aligned agency business model, innovative
software, and industry expertise. Integrating SunGard’s Fox River products will help immediately advance our clients’ trading capabilities through a comprehensive array of
highly regarded localized products and dedicated product management staff.”
“The consultative and responsive approach we take to designing the trading process, combined with our transparent and discreet agency focus, makes us a trusted
extension of our clients’ trading desks. This new technology and intellectual capital – a continued investment in our electronic trading capability – provides Macquarie’s clients
with an enhanced trading experience and superior execution outcomes,” added Mr. Hoult.
Bob Santella, President of SunGard’s global trading business, said: “SunGard is pleased to be involved in the expansion of Macquarie’s global execution offering in the
US. Our industry-leading infrastructure and software provides a dedicated trading environment, giving Macquarie’s clients the freedom to adapt and tailor their strategies.
We look forward to developing our relationship with Macquarie.”
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is
making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world.
Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,100 people and has assets under management of over $372 billion (as of September 30, 2014).
Macquarie Securities Group operates as a global institutional securities house covering sales, research, ECM, execution and derivatives activities, and offers full-service cash
equities in Australia, Asia, South Africa and Canada with specialized offerings in the US and Europe. Macquarie Securities Group operates in the US as Macquarie Capital
(USA) Inc., a member of FINRA and SIPC.
SunGard is one of the world’s leading financial software companies, with annual revenue of $2.8 billion. We provide solutions for financial services, the public sector and
education. Our software is delivered via Software as a Service (“SaaS”), in the cloud and on premise, surrounded by an extensive suite of service offerings. Through the
depth and breadth of our solution portfolio, global capabilities and domain expertise, we are uniquely capable of supporting virtually every type of financial organization,
including the largest and most complex institutions in the world. SunGard’s approximately 13,000 employees proudly serve over 15,000 customers in more than
100 countries, bringing fresh ideas and inventive solutions to help our customers adapt and thrive.
Further information: www.sungard.com
© SunGard 2015. All rights reserved. SunGard, the SunGard logo, Fox River and SGN 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.
SunGard’s Fox River Execution Solutions and SGN brokerage services offered within the United States and Canada are provided by SunGard Brokerage & Securities Services LLC, Member NYSE, FINRA, SIPC.