Sungard And Bolsa De Madrid Link Trading Networks
SunGard Financial Networks, an operating group of SunGard, and Visual Trader Systems, the technology subsidiary of the Madrid Stock Exchange, have signed an agreement to develop an interface between the SunGard Transaction Network (STN), and Visual Trader, the Bolsa de Madrid network. This will allow equity orders and associated messages to be routed seamlessly between brokers and their counterparties on both networks. The agreement also allows each party to market the facility to their individual customers. The SunGard Transaction Network (STN) is a connected community of financial services institutions, comprising SunGard customers and other market participants. It is a virtual network connecting the processes in the financial services marketplace, linking asset managers with brokers, brokers with exchanges, exchanges with banks, and banks with settlement agents and custodians.