SunGard Hits the Big 4-0-0

SunGard today said its SunGard Global Network, an automated trade-routing service connecting investors to fund families, has surpassed $400 billion in total fund assets, including mutual funds and money market funds.

Total fund assets traded through SGN has increased by 50% since 2009, according to the firm.

Bob Ward, chief operating officer of SunGard’s wealth management business, said, “The growing fund activity SunGard is seeing through its SGN solutions points directly to the increasing importance of mutual funds and money market funds in fueling individual retirement savings, advisor service offerings and investment strategies of corporate treasurers.”

“This trend is also a testament to the expanding adoption of automated solutions that help companies connect to other market participants, access a greater variety of products, and streamline operations. In addition, as a result of the need for better transparency and oversight, customers are looking to consolidate trade flow through one partner.”

SGN Funds was launched in 1996 and provides customers with access to global mutual funds, Undertakings for Collective Investment in Transferable Securities and exchange traded funds, facilitating straight-through processing between fund companies and a variety of bank, brokerage and retirement recordkeeping and accounting systems.

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