SunGard Global Network, MarketMap to Provide Market Data, Connectivity via AbacusFlex
SunGard Global Network (SGN) Securities and MarketMap will provide connectivity and market data to hedge funds and investment managers through Abacus Group's hosted IT solutions platform, AbacusFlex.
MarketMap will provide its market data feed, which offers asset coverage through its integration with AbacusFlex, which is integrated with SGN, SunGard’s order-routing platform. As a result, officials say, firms can bundle financial market data and global connectivity through a single-vendor, cloud-based solution.
AbacusFlex provides access to more than 120 markets and connects more than 2,000 asset managers and 500 brokers across 30 international hubs. SGN will help to stream the trade lifecycle from trade execution to post-trade reconciliation—including electronic order routing, broker allocations, confirm/affirm, and custodian bank notifications. MarketMap provides coverage of options, derivatives and futures pricing data.
"Hedge funds and investment managers want flexible solutions to grow their business without accruing additional data fees or coverage limitations," says Chris Grandi, founder and president of Abacus Group. "SunGard Global Network and MarketMap provide a cost-effective, comprehensive and integrated solution that helps meet firms' data requirements with added FIX connectivity in one offering."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Waters Wavelength Ep. 296: Questions about data quality
It’s all about the data, data, data.
The AI boom proves a boon for chief data officers
Voice of the CDO: As trading firms incorporate AI and large language models into their investment workflows, there’s a growing realization among firms that their data governance structures are riddled with holes. Enter the chief data officer.
FactSet launches conversational AI for increased productivity
FactSet is set to release a generative AI search agent across its platform in early 2025.
If M&A picks up, who’s on the auction block?
Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.
ICE Connect adds data integration capabilities for proprietary data
Intercontinental Exchange’s desktop platform is collaborating with CloudQuant to allow customers to integrate in-house data and analytics with the datasets found on its ICE Connect platform.
MIAX taps DataBP for exchange data licensing, custom contracts
To support planned growth of its data business, the exchange group has implemented DataBP’s platform to strengthen its licensing process and scale up its distribution capabilities in anticipation of end-user demand.
The Waters Cooler: A little crime never hurt nobody
Do you guys remember that 2006 Pitchfork review of Shine On by Jet?
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
