SunGard Enters Nasdaq Ring With Brut Buy
TRANSACTION SYSTEMS
NEW YORK--SunGard Data Systems has jumped into the Nasdaq market share ring with its purchase of the 78.5 percent of Brut ECN that it does not already own.
Technologically, not much about Brut is expected to change, but it will become a destination on the SunGard Transaction Network (STN) Equities and STN PowerNet platforms for order routing.
SunGard executive vice president Robert Greifeld says, "We know the ECN space is a tough space. The reason the [25 equity] partners and we wanted to do this
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