BRIDGE's TRIAD to Route Equity Trades to SunGard; TRIAD Users Gain Automatic Access to the Largest Network of Nasdaq Broker Dealers.Business Editors/Hi-Tech Writers NEW YORK--(BUSINESS WIRE)--June 8, 2000 Bridge Information Systems (BRIDGE(R)) the largest provider of financial information services See Information Systems. in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announced today that it has developed an interface to SunGard's BRASS Network, allowing BRIDGE TRIAD(SM) customers to route trades to one of the largest networks of Nasdaq broker-dealers. SunGard transports more than 70% of Nasdaq trades and links broker-dealers on Nasdaq, NYSE NYSE See: New York Stock Exchange and US regional exchanges. BRIDGE is a leading global supplier of equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as technologies and connectivity to more than 60 TRIAD customers, mainly institutional investors. Under the terms of the agreement any TRIAD user will be able to route FIX orders and executions to the participants of SunGard's BRASS Network, which includes more than 250 BRASS trade order management solution users. Additionally, TRIAD customers will soon be able to send indications of interest to BRASS Network brokers. Mark Minister, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bridge Trading Company explains, "Clearly, BRIDGE's extensive institutional coverage and SunGard's large broker base are a natural complement to one another. By forging a strong link between the two, seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of order and execution delivery from institutions to brokers can be achieved. We recognize the value that this BRIDGE - SunGard partnership could yield our customers and their clients." Tom King, president of SunGard's BRASS operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , said, "BRIDGE is a logical partner for us. The increase in trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. this relationship may provide is good news for all the members of SunGard's BRASS Network. TRIAD and other BRASS Network members will also benefit from our recently announced cross-border equity trading activities." BRASS Network is an integral component of the SunGard Transaction Network, a new identity and strategy for a rapidly evolving portfolio of SunGard solutions. Cris Conde, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of SunGard, commented, "Through the SunGard Transaction Network, we are linking SunGard customers with exchanges, to facilitate 24/7 global trading. Our goal is simple: to enable customers to trade any time, anywhere, on any exchange, from any device. Our partnership with BRIDGE opens up the SunGard Transaction Network to TRIAD customers, which will introduce additional transaction volume into the Network." TRIAD is the premier consolidator of all FIX traffic; orders, executions, indications, and advertisements. TRIAD is the client/server solution that gives brokers fast, easy and reliable connectivity to any FIX compliant destination. TRIAD's server resides at the client's site, not BRIDGE's, fostering the neutrality and openness that brokers deserve. About SunGard SunGard (NYSE: SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ) is a global leader in integrated IT solutions and eProcessing for 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. . SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com. About BRIDGE BRIDGE is a leading global supplier of equity trading technologies and connectivity. BRIDGE offers a wide array of trading solutions that reflect its 25 years of experience. With over 4,700 points of presence worldwide, a suite of high performance broker neutral products, and dependable customer service, BRIDGE provides the global investment community the tools to succeed. BRIDGE, together with its principal operating units, Bridge Information Systems, Telerate, Bridge Trading, eBRIDGE, and BridgeNews, is the largest provider of financial information and related services in North America - and one of the fastest growing in the world. BRIDGE information products include a wide range of workstations, market data feeds and web browser-based applications, combined with comprehensive market data, in-depth news, powerful analytic tools and trading room integration systems. BridgeNews leverages a network of 600+ BRIDGE journalists in more than 100 locations that break news affecting financial markets globally. BRIDGE is the co-producer of the Nightly Business Report Nightly Business Report is a financial news television program that is broadcast live, weekday evenings on most of the public television stations in the United States. Frequently abbreviated to NBR, the show is produced by public television station WPBT-TV in Miami, Florida, and and is a leading provider of financial news and information to media companies worldwide. BRIDGE, with 5000+ employees worldwide, and over a quarter of a million users in over 65 countries, is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with the BRIDGE Trading and Technology center in St. Louis, MO., and major regional centers in Europe, the Middle East, Africa, and the Pacific Rim. For more information visit the BRIDGE web site at http://www.bridge.com. BRASS and SunGard are registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trademarks belong to their respective owners BRIDGE and TRIAD are registered trademarks of Bridge Information Systems, Inc. or its subsidiaries. All other trademarks belong to their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion