Firms: SunGard/Sanford Bernstein
What: Sanford Bernstein is now offering access to its suite of trading algorithms via SunGard’s global client network.
Date: Launched July 7
Background/Why: By offering algorithms via SunGard, Sanford Bernstein is able to extend its client base globally and help them to trade in fragmented markets. Demand came from European and Asian clients that wanted access to U.S. markets and to pay Bernstein for research.
How it Works: Bernstein’s entire algorithmic trading suite will now be available to over 2,000 asset managers worldwide through SunGard’s global network. Firms will select Bernstein algorithms from SunGard’s desktop data and order management systems or via FIX protocol.
