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Polishing BRASS: SunGard Trading Systems has a grand scheme to tie together the buyside and the s

Traders Magazine, August 2000

Peter Chapman

The house that BRASS built is being remodeled. BRASS is not called Automated Securities Clearance (ASC) anymore and it's not just about managing Nasdaq orders. It's now a linchpin in a grand scheme to electronically connect traders everywhere.

The vendor of the BRASS order management system that dominates Nasdaq trading rooms is now called SunGard Trading Systems (STS). It's a division of Wayne, Pa.'s SunGard, a billion-dollar financial technology conglomerate that is battling about a dozen other firms for the right to wire Wall Street.

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