BNY Brokerage Links Its DEx Trading Platform to the Sungard Transaction Network.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BNY BNY Bank of New York Brokerage(SM) Inc., a member of BNY Securities Group and subsidiary of The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , has linked its DEx(SM) (Direct Execution Services) trading platform with the SunGard(R) Transaction Network (STN (SuperTwisted Nematic) A passive matrix LCD technology that provides better contrast than twisted nematic (TN) by twisting the molecules from 180 to 270 degrees. See DSTN. ). This connection will expand the trading capabilities of all order management system (OMS OMS - Opportunity Management System ) clients integrated with STN and provide users with automated direct access to all electronic markets. The DEx FIX integration offers direct market access to STN clients by allowing them to direct order flow via STN from their OMS through BNY Brokerage's DEx platform. Money managers connected to STN can now efficiently access the SonicPort(SM) front-end to work orders directly into the marketplace to reach all points of liquidity including ECNs and Nasdaq's order routing systems, as well as the NYSE NYSE See: New York Stock Exchange and other exchanges. Through this integration, clients can take advantage of the full range of SonicPort's services, including sophisticated trading order types, such as pegging and discretion; a proprietary smart order routing algorithm; web-based trade data reporting; built-in risk management tools; a FIX API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. connection; and a dedicated and professional trade support unit. "We are always looking to expand the offerings available for our clients through the STN platform," said Mark Volker, senior vice president of SunGard Financial Networks and product manager of STN Securities. "Extending Sonic's capabilities to our clients expands their options for FIX-based direct market access." BNY Brokerage is committed to developing cutting-edge technologies and trading tools to assist its clients in meeting the fast-changing demands of the marketplace. It is a leading institutional agency brokerage firm offering a broad range of execution and commission management services to money managers, institutional broker-dealers, and plan sponsors. Additional information on BNY Brokerage is available at www.bnybrokerage.com. BNY Securities Group is the global agency brokerage, clearing and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. outsourcing sector of The Bank of New York Company, Inc. It provides institutions, broker-dealers and corporations with a broadly diversified suite of services and "The Power of Choice" through multiple business models. Through its broad range of businesses, BNY Securities Group offers creative solutions in trade execution, commission management, independent research, securities clearing and financial services outsourcing. BNY Securities Group is the largest provider of commission management services, has 21 New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. seats, and offers global execution and clearing services in over 80 markets with offices in the U.S., Europe, Asia, and Australia. BNY Securities Group is an organization consisting of several broker-dealers and other companies. BNY Brokerage Inc. is a member of NYSE/NASD/SIPC. The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. . The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global financial institutions, asset managers, governments, non-profit organizations, corporations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com. DEx, SonicPort, and BNY Brokerage are service marks of BNY Brokerage Inc. Brokerage products and services offered by STN are provided by SunGard Institutional Brokerage Inc., member NASD/SIPC. |
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