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Article: SunGard Develops System to Enable Automatic Routing of Customer Orders to NASDAQ's Primex Auction System.
- Article from:
- Business Wire
- Article date:
- September 19, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 19, 2002
SunGard Trading Systems, an operating group of SunGard (NYSE: SDS), announced today that it has significantly enhanced the customer order execution capabilities of its BRASS(R) order management system by providing clients with automated access to the Primex Auction System(R), the world's first totally automated auction for securities.
Using the Primex Auction System, BRASS' broker/dealer clients will be able to automatically provide customers orders with market-driven price improvement opportunities. At the same time, broker/dealers can commit capital to their own customer orders and ...