SunGard Extends Loanet Integration with Quadriserv's AQS
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SunGard Extends Loanet Integration with Quadriserv's AQS 06 October 2010New York Reporter: Justin Lawson
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SunGard's Loanet Smart Loan is now integrated with Quadriserv's AQS. The integration will allow SunGard customers to have greater control over order management and inventory functions, as well as helping to avoid dual usage of securities available for lending. It also means that all AQS orders can be initiated and maintained from within Smart Loan.
With the addition of Smart Loan, SunGard's Loanet suite of securities lending solutions and the AQS securities lending market are now fully integrated.
Bruce Turner, president and chief operating officer at Quadriserv, commented: "SunGard has been an ideal partner as we continue the rollout of Quadriserv's AQS market. Together, we have successfully integrated front-end access for Smart Loan customers, and can now provide full integration with inventory and trading systems. As a result of this integrated link, loans executed through AQS will receive straight-through processing treatment consistent with existing OTC protocols, helping createsignificant efficiencies for users."
John Grimaldi, executive vice president and general manager of SunGard's Loanet business unit commented, "SunGard's Loanet customers have responded favorably to the first phase of our integration with the AQS securities lending market, which includes seamless access to AQS' liquidity and price discovery mechanisms. We are confident our customers will also respond favorabley to our next set of initiatives with AQS, featuring greater trading and inventory control."
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