Sun, Feb 14, 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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at