Pierpoint selects SunGard for securities management
08 July 2014 Texas
Image: Shutterstock
Pierpoint 网爆吃瓜 LLC has selected SunGard鈥檚 Loanet to help manage its expanding securities finance operations, including trading, inventory management, accounting and settlement.
To help Pierpoint achieve growth and reduce the total cost of ownership, in front office trading and back office operations, SunGard offered a fully integrated solution to streamline trade processing.
By streamlining, operations would be simplified and consistent up-to-date information would be provided. The solution would also adhere to regulatory reporting requirements.
Bruce James, COO of Pierpoint, said: 鈥淲e needed to identify a service that would support the expansion of our financing capabilities into securities lending.鈥�
鈥淐hoosing a solution that is delivered as a service, such as SunGard鈥檚 Loanet, enables us to efficiently grow our securities lending business and interface with our clients effectively for functions such as trade matching, processing, automated margin and securities settlement for our securities lending business transactions.鈥�
John Grimaldi, president of SunGard鈥檚 North American securities operations and securities finance, added: 鈥淎s a growing company, improving efficiency and productivity with a comprehensive solution is critical as Pierpont continues to expand its service offerings to institutional and middle market fixed income investors.鈥�
鈥淭hrough our market vigilance and close working relationships, we strive to ensure our customers are provided a reliable and effective solution that reflects the continually changing regulatory and market needs.鈥�
To help Pierpoint achieve growth and reduce the total cost of ownership, in front office trading and back office operations, SunGard offered a fully integrated solution to streamline trade processing.
By streamlining, operations would be simplified and consistent up-to-date information would be provided. The solution would also adhere to regulatory reporting requirements.
Bruce James, COO of Pierpoint, said: 鈥淲e needed to identify a service that would support the expansion of our financing capabilities into securities lending.鈥�
鈥淐hoosing a solution that is delivered as a service, such as SunGard鈥檚 Loanet, enables us to efficiently grow our securities lending business and interface with our clients effectively for functions such as trade matching, processing, automated margin and securities settlement for our securities lending business transactions.鈥�
John Grimaldi, president of SunGard鈥檚 North American securities operations and securities finance, added: 鈥淎s a growing company, improving efficiency and productivity with a comprehensive solution is critical as Pierpont continues to expand its service offerings to institutional and middle market fixed income investors.鈥�
鈥淭hrough our market vigilance and close working relationships, we strive to ensure our customers are provided a reliable and effective solution that reflects the continually changing regulatory and market needs.鈥�
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