Wed, May 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

SunGard and Advent Software launch new workflow for Wrap/Separately Managed Accounts

Monday, July 09, 2012
Opalesque Industry Update: SunGard and Advent Software, Inc., leading providers of software and services for the global financial services and investment management industry, have introduced an integrated trading solution that helps “wrap” managers conduct business with sponsors directly via the SunGard Global Network (SGN) and Advent’s Moxy® order management system (OMS). This centralized and automated solution helps firms expand their separately managed account (SMA) business more quickly, increase efficiency and reduce costs and errors.

“Wrap” managers oversee an investor's portfolio for a flat quarterly or annual fee that covers all administrative, commission and management expenses. These businesses, also known as SMA programs, can be an effective way for asset managers of all sizes to increase assets and capital. However, managers must manually extract data from an OMS and upload the information to a wrap sponsor platform in order to execute each trade, which creates operational inefficiencies.

SunGard and Advent’s solution provides centralized trading and connectivity tools and automates the flow of data from multiple sponsors into and out of Moxy® OMS, creating a more efficient workflow. It also includes an allocation and post-trade system that uses the industry standard FIX protocol to deliver allocation messages in whatever format required by the wrap sponsor. The combined solution helps customers increase their pace of adoption of SMA programs, expand their existing business and reduce the effort necessary to maintain these programs.

Aaron Adolphson, product manager for order management solutions at Advent Software, said, “Wrap/SMA managers today face increased operational challenges managing multiple sponsors and workflows. Managers can take advantage of SunGard and Advent’s integrated solution to simplify the complexity of managing these types of accounts and more fully leverage the growth potential that the accounts provide to their business.”

Ralston Roberts, senior managing director for the SunGard Global Network business unit, said, “The growth of separately managed account programs is fueling the demand for integrated tools that provide efficiency as account volume increases. SunGard’s collaboration with Advent provides a single solution for managing trading and settlement activity, helping customers improve their workflow efficiency and reduce errors and costs.”

SunGard

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n