Macquarie Securities, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced it has selected SunGard’s Fox River Execution Solutions (“Fox River”) electronic trading software and infrastructure in the US. By integrating Fox River with Macquarie’s global execution platform and dedicated environment, Macquarie will provide its clients with an independent trading environment, giving them the ability to customize their trading strategies and differentiate their services.

Damian Hoult, Global Head of Execution Services at Macquarie, said: “SunGard provides best-in-class infrastructure, an aligned agency business model, innovative software, and industry expertise. Integrating SunGard’s Fox River products will help immediately advance our clients’ trading capabilities through a comprehensive array of highly regarded localized products and dedicated product management staff.” 

“The consultative and responsive approach we take to designing the trading process, combined with our transparent and discreet agency focus, makes us a trusted extension of our clients’ trading desks. This new technology and intellectual capital – a continued investment in our electronic trading capability – provides Macquarie’s clients with an enhanced trading experience and superior execution outcomes,” added Mr. Hoult. 

Bob Santella, President of SunGard’s global trading business, said: “SunGard is pleased to be involved in the expansion of Macquarie’s global execution offering in the US. Our industry-leading infrastructure and software provides a dedicated trading environment, giving Macquarie’s clients the freedom to adapt and tailor their strategies. We look forward to developing our relationship with Macquarie.”