Tullio Grilli, head of fixed income brokerage at Banca Akros, said, "SABE was the first smart order router in Italy. It went into operation on MiFID day one in 2007 and is now connected to more than 20 trading venues. We want to increase the visibility of both Banca Akros and SABE for international investors. We are pleased that the global investor community connected to SGN will now have direct access to SABEâs best execution capabilities."
Raj Mahajan, president of SunGard's global trading business, said, "There is increasing demand in the European fixed income markets to maximize access to available liquidity and improve execution quality. SABE is an innovative initiative that responds directly to this demand, and we are pleased to work with Banca Akros to leverage SGN and support the bankâs strategy of international expansion."