SunGard Securities Processing says that its ASP-based Phase3 trade processing solution passed over 1.4 million transactions in a single day in September.
The record trade volume total was derived from all Phase3 customers using the order-to-settlement system, from retail to institutional broker/dealers trading equities and fixed income securities in both US and international markets.
Provided in an ASP environment and supported by the latest HP NonStop server technology, Phase3 processes all securities types and currencies including US and international equities, fixed income securities, mutual funds and annuities, on a single system for consolidated books and records.