SunGard Business Integration' FIX Engine version 4.5 has been awarded the SwiftNet Ready FIX Service label.
SunGard says its FIX Engine enables financial firms to manage large order flows, reduce operational costs and improve real-time execution information and settlement via the FIX protocol.
The SwiftNet FIX service allows institutions connected to Swift's IP-based messaging platform to communicate with fund managers, broker-dealers and exchanges through a single trading window.
Janet Lewis, managing director, SunGard Business Integration, US, says: "By deploying the SunGard FIX Engine together with their existing SwiftNet infrastructure, our clients can save on costs while improving their operational efficiency."