A press release issued yesterday says, "Sector Treasury Services, a leading treasury management and capital financing advisor to UK local authorities and a subsidiary of the Capita Group, has selected the SunGard Transaction Network's (STN) Money Markets portal to help its local government treasury clients meet their short-term investment requirements."
It continues, "STN's Money Markets portal is a global, multi-currency trading and connectivity solution for institutional money market investors, such as corporate treasurers and hedge funds. The STN Money Market portal offers the resources to help Sector's clients research, analyze, trade and report on money market funds through a single connection. STN's Money Market portal will also help provide Sector's clients with the ability to analyze money market fund investments and suitability while working with an ever increasing number of Sterling money market fund providers."
Sector Treasury Services, Associate Director Maryum Malik, said, "We chose SunGard's STN for its wide range of fund coverage and its integrated research capability for cross-comparing fund performance. STN provides historical data in one portal, along with underlying holdings of funds, yield comparisons, and filters on ratings. This will give our clients an intuitive platform with the freedom to make their own investments online and help them streamline the entire process."
Kevin Rafferty, president of SunGard's wealth management business, said, "As local authorities in the UK and around the world seek more effective ways of managing cash, they require access to tools that help them to assess and trade money market funds. By offering access to a wide group of investment options and enhancing the level of research available to treasurers, STN will help Sector enhance the effectiveness of its client offerings and service."
Sector Treasury Services is the "leading and independent provider of capital financing, treasury advisory and strategic advisory services to the Public Sector" in the U.K. The SunGard Transaction Network (STN) "links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including U.S. and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper."
For a list of links to portal providers, see Crane Data's Resources Page (under "Money Fund Portals"). Also, note that Crane's Money Fund Symposium will feature a free afternoon of online money market trading portal demos in Providence on August 25.
