Pierpont Securities LLC Selects SunGard’s Loanet for Securities Finance Trading Automation and Accounting and Settlement Controls

Pierpont Securities LLC (Member FINRA, SIPC), a specialized fixed income financial services firm serving middle market and institutional investors, has selected SunGard’s Loanet to help manage its expanding securities finance operations, including trading, inventory management, accounting and settlement.

Pierpont Securities was seeking ways to achieve agile growth and reduce total cost of ownership, both for front-office trading and back-office operations. SunGard’s Loanet offered a fully integrated solution that can streamline trade processing, simplify operations and provide the consistent up-to-date information and regulatory reporting that sophisticated financial organizations such as Pierpont require.

“We needed to identify a service that would support the expansion of our financing capabilities into securities lending. Choosing a solution that is delivered as a service, such as SunGard’s Loanet, enables us to efficiently grow our securities lending business and interface with our clients effectively for functions such as trade matching, processing, automated margin and securities settlement for our securities lending business transactions.” —Bruce James, chief operations officer, Pierpont Securities

“As a growing company, improving efficiency and productivity with a comprehensive solution is critical as Pierpont continues to expand its service offerings to institutional and middle market fixed income investors. Through our market vigilance and close working relationships, we strive to ensure our customers are provided a reliable and effective solution that reflects the continually changing regulatory and market needs.” —John Grimaldi, president, SunGard’s North American securities operations and securities finance