SunGard TN allies with DTCC
SunGard has entered into a partnership with the DTCC to provide connectivity through the SunGard Transaction Net-work (STN) to DTCC's managed account communications net-work. The deal will link buy-side firms with broker/dealers and service providers, eliminating the situation where financial institutions and service providers exchange critical account and transaction data inefficiently by phone, fax and paper, with no overall standardisation.
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