SunGard Trading Systems has launched MatchMaker, a real-time TCP/IP interface between its trade order management system Brass and Omgeo's Oasys Direct.
MatchMaker utilises the knowledge broker interface from SunGard Business Integration's post trade solution Mint and provides automatic matching and processing of US institutional trade allocations.
The system receives block level trade details and allocation information directly from Omgeo Oasys and matches it against corresponding data from Brass.
SunGard says it manages and supports the Oasys Direct connection, allowing users to replace stand-alone Oasys terminals and manage all trades from a single screen.
Thomas King, president and COO, SunGard Trading Systems/Brass, comments: "Since MatchMaker is an outsourced solution, you get all the benefits of seamless STP without the burden of maintaining your own Oasys connection."