Financial services software giant SunGard has launched a service for international fund trading, dubbed the SunGard Global Network Funds solution.
The SGN global fund trading solution helps fund companies and transfer agents automate their trade processing and access funds processing platforms such as National Securities Clearing Corporation’s (NSCC) automated and centralized funds processing platform, Fund/SERV, a mutual fund industry standard for end-to-end transaction processing.
SGN Funds provides fund companies with direct access to Fund/SERV’s proprietary messages to obtain trades, create confirms, receive trade data and manage clearing and settlement.
“SGN Funds will help provide quick access to a full range of services, eliminate proprietary technology development, and offer one of the fastest go-to-market solutions available for fund companies,” stated Bob Ward, chief operating officer, advisor and transaction services for SunGard’s wealth management business.
