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Canaccord Capital Expands Commitment to SunGard With the Selection of Protegent for Compliance


SunGard ( today announced that Canaccord Capital Inc. (TSX & AIM: CCI) has selected SunGardís Protegent Surveillance to address its compliance needs for its retail and institutional trading businesses. Canadian-based Canaccord Capital Inc. (CCI) is a leading independent full service investment dealer, offering investment products, brokerage services and investment banking to private, institutional and corporate clients world-wide. The selection of Protegent will further extend CCIís use of SunGard to support the full equity trading lifecycle. Protegent Surveillance is a compliance solution that helps broker/dealers to reduce regulatory and reputation risk by helping to automate trade and account surveillance, client suitability and auditing of firm-wide sales practices.

CCI will employ Protegent Surveillance for risk management and compliance to help proactively address regulatory obligations, plan for scalability and improve time management for its compliance officers. CCI will also use Protegent Surveillance to help identify and manage questionable transactions and positions.

Bruce Maranda, executive vice president global credit and compliance at CCI, said, ďStandardizing and improving our trade and account review process is fundamental to our compliance program. SunGardís Protegent will assist us in managing the significant growth experienced in our trading and account volumes, while also helping us to protect our firm from regulatory fines and legal actions.Ē

CCI also uses SunGardís Brass order management system, an integrated platform for trade order, execution and compliance management, to help manage its equity trading business. The comprehensive SunGard solution will help CCI to explore new revenue stream opportunities through cross-border trading.

CCI has also recently expanded its relationship with SunGard to provide Brass customers with Canadian Direct Market Access (CDMA). By routing to CCIís CDMA destination through Brassí broker-to-broker network, Brass customers benefit from sub-second execution in stocks traded on the Toronto Stock Exchange (TSX) and TSX Venture markets.

ďCCIís recent selection of SunGardís Protegent is a meaningful milestone as it demonstrates our first venture into and commitment to compliance requirements in Canada,Ē said Raj Mahajan, president of SunGardís trading business. ďIn addition, SunGardís relationship with CCI demonstrates our consultative approach to helping our customers meet their needs for quality global solutions supporting internal trading, supervision and risk management. The needs of our customers are evolving. The future of trading will see customers deriving incremental value in terms of cost and functionality from the ability to customize solutions according to their individual trading objectives. SunGard offers that ability, as a neutral provider, with its comprehensive suite of fully supported, mission-critical products and services.Ē


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