SunGard Global Network to Connect with DelphX to Create a Neutral and Centralized Fixed Income Market

NEW YORK, Oct. 2, 2013 /PRNewswire/ -- To help promote global fixed income liquidity, DelphX, a provider of neutral alternative trading systems (ATS) for informed and transparent trading of fixed income securities, has selected SunGard to provide Financial Information eXchange (FIX) connectivity through its SunGard Global Network (SGN) to create CentralX™, a neutral, centrally-cleared global facility. The CentralX market will be integrated within SGN to facilitate anonymous all-to-all interaction of orders entered by SGN users and buy-side and sell-side subscribers to DelphX and other participating fixed income ATS/ECNs and linked trading platforms.

"CentralX is specifically designed to serve the growing need for centralized interaction among all fixed income market participants to help achieve best execution, stimulate liquidity and reduce market fragmentation. Our commitment to providing transparency, anonymity and a level playing field to all market participants is complemented by the global scale of SGN and its connectivity with thousands of firms around the world."  – Larry Fondren, President and CEO of DelphX

"Shifting economic forces and merging regulatory pressures are transforming the fixed income market and altering the way participants interact and access and source liquidity. SGN and DelphX are working together to help facilitate unified market interaction and anonymous access to deep new sources of price-sensitive liquidity."  – Ralston Roberts, Chief Operating Officer, real-time market data and network services, SunGard's brokerage business

The SunGard Global Network (SGN) is a trading services network that facilitates trading on more than 150 venues worldwide ¾ linking more than 2,100 asset managers and more than 500 brokers throughout the financial services value chain. SGN is available in 48 jurisdictions across the globe and offers trade automation and connectivity for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. DelphX provides real-time fair-value pricing and anonymous alert, query, negotiation, trading, matching and clearing services for best execution among all market participants.

About DelphX

DelphX is the innovation leader in the development and operation of anonymous, equitable and informed bond markets that will soon deliver the only fixed-income market to provide continuous real-time fair-value pricing for more than 30,000 listed securities, including those that rarely trade. The DelphX ATS will facilitate transparent all-to-all trading of corporate bonds, ABS/MBS and other fixed income issues among issuers and buy-side and sellside firms.

Evidence-based valuation of listed fixed income securities be enabled by the DelphX proprietary MAV=n protocol, which continuously adjusts, validates and publishes the fair-value price of every listed security based on the historical and current transaction pricing of cohort securities determined to be ratably congruent. For more information about DelphX, please visit www.delphx.com.

© DelphX, LLC 2013. All rights reserved.
DelphX is the marketing name for the global securities data and crossing businesses of DelphX, LLC. Management of all securities-related activities are performed by DelphX Services Corporation, Member FINRA, SIPC.

To learn more about DelphX, contact: [email protected]

About SunGard Financial Systems

SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.

© SunGard 2013. All rights reserved.
SunGard, the SunGard logo, and the SunGard Global Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.

SunGard's SGN brokerage services offered in the United States and Canada are provided by SunGard Institutional Brokerage Inc., Member FINRA, SIPC.

To learn more about SGN, contact: [email protected]

SOURCE DelphX