SunGard unveils Global Trading
Following the completion of its takeover of trading systems solutions provider GL Trade, SunGard has officially launched its Global Trading business. Both companies have a long history of acquisitions, and at a press launch in London on Wednesday, SunGard’s financial systems chief executive Harold Finders said this has helped to speed up the integration process. He also said that deal was complementary rather than synergistic in nature.
According to Finders, the diversity of SunGard, both in terms of its geographical reach and product range means it is well placed to withstand the difficult trading environment. The company is present across the entire FX deal chain, providing front-end platforms and connectivity to multiple venues, including several single-bank portals, as well as middle- and back-office solutions.