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SunGard has been named “Best New Product for Trading and Execution” in the 2013 FOW Awards for Asia, for the recent expansion of its Fox River Execution Solutions (“Fox River”) algorithms to support trading in the Japanese equities market.
Using Fox River’s full suite of algorithms-from smart order routing to intelligent liquidity trading, including passive and aggressive types-traders outside of Japan now have the tools to help obtain a higher quality of execution within Japan.
“Our awards distinguish technology companies that have solved a problem creatively, advanced new possibilities, or improved the way participants approach the region. With trading activity in Japan growing due to the significant alpha opportunity and liquidity offered, the judges praised SunGard’s Fox River algorithm solution for bringing innovation to the Japanese market.” – William Mitting, editor and publisher of FOW
“SunGard helps bring innovation to the Japanese market by offering an algorithm solution that acts differently than traditional offerings. This demonstrates our focus on helping to expand opportunity for traders and support agile growth in new markets.” – Mike Schutt, head of trading and execution for SunGard’s Fox River Execution Solutions
Fox River algorithms provide a human element, mimicking the experience, logic and knowledge of a skilled trader. Rather than focusing on benchmarks, Fox River is focused on helping to seek and secure the best possible price. This approach helps portfolio and asset managers and hedge funds reduce information leakage and improve modeling and execution.
