SunGard Consolidates Networks

By linking the SunGard Transaction Network (STN) and BNet with GL Trade's GL Net, the vendor expects to create the largest order routing network worldwide to offer more than 500 global trade execution options to clients, according to officials. The interconnected network is expected to leverage GL Net's 110 exchanges and 300 receiving brokers, STN's 1,800 buy-side clients and BNet's inter-dealer liquidity aggregation services. "The interconnection will help our clients to bring together more

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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