SunGard’s Loanet solution is supporting Scottrade, an online investing firm, with its expanding securities finance automation requirements.
Scottrade implemented Loanet’s trading and inventory management and finance allocation capabilities to help automate the firm’s securities finance trading, order and inventory management functions.
It will also automatically calculate and allocate revenue and expenses associated with borrowing activities for the firm’s clients.
Scottrade has been using SunGard’s Loanet solutions since 1999.
“Firms across the financial industry are looking to increase transparency and efficiency across their operations. SunGard’s Loanet provides a highly integrated suite of solutions for the US securities finance industry to help firms achieve these goals,” said John Grimaldi, executive vice president of SunGard’s North American securities operations and securities finance business.
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