Sterling
Trader, Inc. is pleased to announce the offering of
SunGard’s Assent ATS* as part of our alliance
with SunGard!
SunGard’s Assent
ATS* is a new pool of non-displayed liquidity for US
equities, created from the natural liquidity of SunGard’s
diverse customer base. This extensive base includes
regional and bulge-bracket sell-side firms using SunGard’s
trading workstations, as well as Assent’s institutional
and retail client base.
The ATS was built to
leverage the Assent Smart Order Routing technology,
providing SunGard the ability to offer both internal
execution and external routing capabilities to both
displayed and non-displayed market centers. Initial
functionality has been built to accommodate three core
trading strategies:
1. Book Order:
Orders which interact only with the SunGard ATS.
“I want to remain fully hidden, interacting
with SunGard liquidity only.”
2. Dark Sweep:
A fully-dark order which sweeps both the SunGard ATS
and third-party dark pools. May be IOC or DAY in nature.
“I want SunGard to work my order in the dark,
seeking liquidity in both SunGard ATS and other dark
pools.”
3. Direct Preference:
An order which sweeps both the SunGard ATS and third-party
dark pools before routing to a displayed market indicated
on the order.
“I want to sweep dark markets for price and/or
volume improvement before posting the balance at NASDAQ.”
For further information
on the ATS please contact Bill Russell at Bill.Russell@SunGard.com
or (312) 577.6977. Also see our website at www.sungard.com/assentats.
*Execution and brokerage
products and services of SunGard’s Assent ATS
are offered by Assent LLC, member FINRA/SIPC.
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