Press Release
Users of largest dealer network now have access to live bond trading platform Chicago, November 26, 2001 - SunGard Financial Networks, an operating group of SunGard (NYSE:SDS), announced today that it will be providing customers of the SunGard Transaction Network (STN) with direct access to fixed income trading on Knight BondPoint. STN Fixed Income is an integrated transaction network that facilitates straight-through processing between asset managers, brokers, ECN's, exchanges, banks, settlement agents and custodians. The Knight BondPoint trading platform is a distributed, real-time, secure and efficient trading infrastructure that supports the collection, management, display and execution of fixed income securities. This partnership will provide STN customers with complete end-to-end fixed income trading and processing. Customers will be able to place orders for municipal, corporate, agency, and treasury bonds, which will be executed on the live, anonymous Knight BondPoint fixed income platform. STN users will also have access to Knight BondPoint's original issue market products. Existing STN Equities customers can leverage off of the integration of their current STN connection to access this new SunGard solution. Lisa Edwards, president of Knight BondPoint, Inc., comments, "SunGard integrates with a network of users that includes hundreds of top tier financial services firms that look to us for their advanced fixed income trading needs. SunGard is dedicated to bringing cutting-edge execution to the hundreds of firms that rely on STN. When combined with Knight BondPoint's objective of bringing open, anonymous, transparent access and trading to the bond market, it is a very natural fit." Paul Schneider, chief executive officer of SunGard Financial Networks, adds, "With our new fixed income solution, we continue to expand STN to meet our clients' needs and provide straight-through processing for transactions across a variety of products. We are excited about our partnership with Knight BondPoint because it creates an end-to-end solution for fixed income trading, allowing hundreds of banks and investment managers to trade fixed income securities on STN, and it integrates with the same technology platform that our clients already use for processing equity transactions." ABOUT VALUBOND, INC. Knight BondPoint, through its wholly owned subsidiary, Knight BondPoint, Inc. (member NASD/SIPC), provides an electronic trading platform for fixed-income securities, as well as advanced trading technologies and infrastructure. Knight BondPoint gives brokerages and investment firms a comprehensive fixed-income solution for their advisors and clients. The solution includes secondary trading, access to new issues, news, commentary and tools, which may be privately labeled and fully integrated into a firm's web site, as in the case of the SunGard solution. The company's partners, including dozens of securities firms, provide extensive inventory, access and trading capabilities to millions of online and offline customers. ABOUT THE SUNGARD TRANSACTION NETWORK The SunGard Transaction Network 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. STN supports the key information flows in the trading lifecycle, including order routing, pricing, execution, allocations, affirmation and matching, notification, reconciliation and reporting. STN supports the cross-border information flows for equities, mutual funds, and fixed income securities. ABOUT SUNGARD SunGard (NYSE: SDS) is a global leader in integrated IT solutions and eProcessing for financial services. 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 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo, and the SunGard Transaction Network (STN) 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. For more information, contact: Knight BondPoint Martha Espenshade Tel: 404.260.5300 Fax: 404-260-5280 E-mail: info@knightbondpoint.com SunGard Financial Networks Mark Volker Tel: 704.561.8347 Fax: 801.681.3800 eFax E-mail: info@sungard.net |