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Fator Securities picks SunGard technology for trade automation

US broker-dealer Fator Securities has selected SunGard’s Valdi order management system (OMS) for trade management and SunGard Global Network (SGN) for global connectivity.

SunGard’s systems will enable Fator Securities mange trade execution, trade automation and connectivity to more than 120 markets and 500 brokers worldwide.

Leveraging technology from a single provider will help the company decrease its technology costs, increase operational efficiencies and access new sources of liquidity, said SunGard.

Valdi OMS provides a consolidated view of trading activity with access to global markets and multiple asset classes.

The system will help Fator Securities expand its business by allowing it monitor positions and manage risk around the world on one screen.

Fator Securities stated SunGard would help automate workflow, lower costs and increase revenue through the ability to source new liquidity through SGN.

SunGard capital markets business global head of connectivity Philippe Carre said that SunGard will help Fator Securities trade more efficiently in the United States and in Latin America by providing low latency connectivity and order and execution management from one screen.