continues to expand its transactional network. The firm has added the IDEÉ
software to allow investment managers to connect with multiple brokers through SunGard Direct
. IDEÉ is a product of décalog
, a unit of SunGard.
The system is designed so that orders can be electronically routed to participating brokers via the system. Brokers can send back electronic confirmations that automatically update the investment managers' back-office systems.
The system comes at no additional cost to investment managers utilizing the SunGard Direct product.
With this latest deployment, officials at SunGard believe that between SunGard Direct, INVEST ONE
(which is a back-office investment accounting system) and IDEÉ they now provide investment managers with an end-to-end straight-through processing solution.
"Our strategy is to offer our clients added value by integrating our best-of-breed financial software solutions to support straight-through processing. As a result we enable the entire investment world to increase profitability, and we're helping them to get ready for T+1 settlement," stated Thierry Aiglon
, president of décalog.
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