 |
| Home Press Issue |
For Immediate Release For more information, contact: Trade Manage Capital, Inc. Selects SunGard FIX Engine NEW YORK, March 10th, 2003 - SunGard Business Integration, an operating group of SunGard (NYSE: SDS), today announced that Trade Manage Capital, Inc., an institutional agency sell-side broker dealer, has selected the SunGard FIX Engine to deliver improved efficiencies for real-time execution and settlement information via the FIX protocol. Trade Manage Capital, Inc. specializes in agency-only equity and option order execution for more than 500 institutional and advisory accounts. The firm utilizes FIX technologies to connect its proprietary and third-party order management and routing systems to over eighty counter parties including virtually all ECNs, primary and regional listed exchanges, major market makers as well as other market centers. In addition to selecting the SunGard FIX Engine for its own business, Trade Manage Capital, Inc. has also recommended the use of the SunGard FIX Engine to several of its clients, offering its order management package on a soft-dollar basis for interested buy-side clients. The SunGard FIX Engine will help these financial institutions to manage large order flows more efficiently and reduce operational costs. Steve Goldman, chief executive officer of Trade Manage Capital, Inc. commented: "Having reviewed a number of alternatives, we found the SunGard FIX Engine far faster and more stable than those of other vendors. The connectors and methods of integrating the solution into our backend an middleware packages are efficient and well developed. Ultimately, we want to work with a leader in FIX who provides top-level service and support. Given the well developed connector packages, we were able to implement the SunGard FIX engine in less than one week. The pricing was attractive, only outpaced by the service to date." Janet Lewis, managing director at SunGard Business Integration, added, "We are pleased that Trade Manage Capital, Inc. has chosen the SunGard FIX Engine not only for its own use but also to be deployed by several of its affiliates and clients. We have seen increasing interest in FIX from both high-end organizations and the small-medium sized players, covering all instrument types, including equities, fixed income, and derivatives. Our team is committed to providing Trade Manage Capital, Inc. with a comprehensive FIX Engine solution, which will help it reduce both operational risk and cost." The SunGard FIX Engine has been designed to transparently connect the applications of a financial institution to its external partners via the FIX protocol. Responsible for all communications and session-level management, the SunGard FIX Engine allows applications to concentrate on the business logic. About Trade Manage Capital, Inc. Trade Manage Capital, Inc. is a New Jersey-based agency broker dealer servicing the financial markets for nearly thirty years. Trade Manage Capital, Inc. services over 500 institutional clients as well as several thousand high net-worth retail clients. Utilizing its proprietary and third-party order management systems, Yamner & Co., Inc. offers institutions superior trade execution and customer services. Visit Trade Manage Capital, Inc. site. About SunGard Business Integration SunGard Business Integration provides comprehensive integration solutions for financial services. SunGard Business Integration works exclusively with major international financial services institutions, including banks, clearing and securities houses, asset managers, and trading networks. SunGard Business Integration's MINT Knowledge family of solutions enables financial services institutions to seamlessly integrate disparate business processes and their supporting applications, and deliver highly automated and robust straight-through processing and workflow management. Visit SunGard Business Integration at www.integration.sungard.com About SunGard SunGard is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of more than $2 billion. Visit SunGard at www.sungard.com. Trademark information: SunGard and the SunGard logo 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. |