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Europe’s Swedbank Deploys SunGard’s Front Arena for Algo Trading

Swedbank announced it expanded its use of SunGard’s Front Arena platform by deploying the system’s algorithmic trading functionality to boost the firm’s trading of equities and derivatives.

Swedbank announced it expanded its use of SunGard’s Front Arena platform by deploying the system’s algorithmic trading functionality to boost the firm’s trading of equities and derivatives.

Swedbank said its traders in Stockholm and Helsinki now employ Front Arena’s volume and time-weighted average price algorithms; market-on-close algorithms; and alpha seeking strategies such as pairs trading and arbitrage.

The new setup will also enable Swedbank – which does business in Sweden, Estonia, Latvia and Lithuania – to increase its trading activity and better monitor execution and benchmarking performance, the firm explained.

“With SunGard’s Front Arena, our traders are able to use trading algorithms in their daily execution to help improve their productivity,” Claes-Urban Dackberg, the acting head of trading at Swedbank said in a statement. “Front Arena also provides an open architecture that helps us cope with increases in trading volumes, adapt quickly to market changes, and expand to additional regions or businesses as needed.”

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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