STS/Brass Makes Progress in Europe; UMA Is Next
TRANSACTION SYSTEMS
LONDON--Sungard Trading Systems/Brass, the trade order management system, is beginning to make inroads into the European broker/dealer marketplace. Sungard plans to launch its Universal Market Access (UMA) intelligent quote management system here in the fourth quarter.
Brass has been in development for the European market for around two years and was first implemented last year by Knight Trading's European headquarters at the old London Stock Exchange (TTW, May 29, 2000). The sales and marketing
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