SunGard Global Network and MarketMap Deliver Global Connectivity and Market Data through Abacus Group LLC
New York, NY (PRWEB) November 30, 2011
SunGard Global Network (SGN) Securities and MarketMap are providing hedge funds and investment managers with global connectivity and market data through Abacus Group LLCs hosted IT solutions, AbacusFLEX. MarketMaps integration with AbacusFLEX provides a seamless market data feed that offers asset coverage and a fast and simplified implementation. The AbacusFLEX platform also integrates with SGN Securities, SunGards global, multi-asset order routing platform, giving firms the option to bundle financial market data and global connectivity through one vendor. As a result, customers gain access to securities and exchange market data with integrated FIX connectivity, in one cloud-based solution.
As hedge funds and investment managers seek opportunities for growth, they require global instrument data and flexible solutions that offer cost efficiencies and seamless support for business expansion. In addition, the need for rapid time-to-market means firms desire implementations requiring a small hardware/software technology footprint or the need for custom integration for market data and order routing.
AbacusFLEX provides a scalable, redundant and cost-effective IT platform that helps investment managers run all of their technology as a service. By providing access to 120+ markets worldwide and connecting over 2,000 asset managers and 500 brokers through 30 international hubs, SGN Securities helps streamline the trade lifecycle from trade execution to post-trade reconciliation, including, electronic order routing, broker allocations, confirm/affirm, and custodian bank notifications, all to help minimize the risk and cost associated with trading. MarketMaps integrated feed includes global coverage of options, derivatives and futures pricing data available in real-time or delayed, access to global exchanges, and security master/reference data.
Chris Grandi, founder and president of Abacus Group LLC, said, Hedge funds and investment managers want flexible solutions to grow their business without accruing additional data fees or coverage limitations. SunGard Global Network and MarketMap provide a cost-effective, comprehensive and integrated solution that helps meet firms data requirements with added FIX connectivity in one offering.
Raj Mahajan, president of SunGards Global Trading business, said, With MarketMap, Abacus customers have a new compelling alternative for their data needs a choice that provides access to global, high quality and cost-effective data as well as trading links to more than 500+ broker-dealers around the world through the SunGard Global Network, helping to add value to firms trading operations and business growth.
About Abacus Group LLC
Abacus Group LLC is an IT solutions firm focused on helping hedge funds and private equity funds deploy and manage hosted IT solutions. Our objective is to provide investment managers and technology executives with solutions to improve their IT service experience. Abacus has developed AbacusFLEX, a scalable, redundant and highly available IT platform to allow investment managers to run all of their technology as a service. The days of purchasing new hardware every few years are over. Abacus manages mirrored data centers throughout the US and provides cost effective and efficient solutions to firms who require redundancy, high availability and disaster recovery. Firms connect to their IT applications and data through high speed circuits with minimal onsite equipment. More information about Abacus Group is available at http://abacusgroupllc.com/.
About SunGards Solutions for Global Trading
SunGard’s global trading solutions help buy- and sell-side firms achieve increased performance, low latency and execution across multiple platforms, asset classes and markets. SunGard provides equities, futures, fixed income, options and energy traders with trading, risk management, compliance and surveillance solutions. Linking buy-side firms to brokers, SunGard provides access to liquidity pools as well as order management, advanced execution and smart order routing.
SunGard is one of the worlds leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, MarketMap and SGN 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.
SGN Brokerage Services offered in the United States are provided by SunGard Institutional Brokerage Inc., Member FINRA / SIPC.
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