BNY Brokerage Links Its DEx Trading Platform to the Sungard Transactio

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 10, 2005--BNY Brokerage(SM) Inc., a member of BNY Securities Group and subsidiary of The Bank of New York, has linked its DEx(SM) (Direct Execution Services) trading platform with the SunGard(R) Transaction Network (STN). This connection will expand the trading capabilities of all order management system (OMS) clients integrated with STN and provide users with automated direct access to all electronic markets.
    The DEx FIX integration offers direct market access to STN clients by allowing them to direct order flow via STN from their OMS through BNY Brokerage's DEx platform. Money managers connected to STN can now efficiently access the SonicPort(SM) front-end to work orders directly into the marketplace to reach all points of liquidity including ECNs and Nasdaq's order routing systems, as well as the NYSE and other exchanges.
    Through this integration, clients can take advantage of the full range of SonicPort's services, including sophisticated trading order types, such as pegging and discretion; a proprietary smart order routing algorithm; web-based trade data reporting; built-in risk management tools; a FIX API connection; and a dedicated and professional trade support unit.
    "We are always looking to expand the offerings available for our clients through the STN platform," said Mark Volker, senior vice president of SunGard Financial Networks and product manager of STN Securities. "Extending Sonic's capabilities to our clients expands their options for FIX-based direct market access."
    BNY Brokerage is committed to developing cutting-edge technologies and trading tools to assist its clients in meeting the fast-changing demands of the marketplace. It is a leading institutional agency brokerage firm offering a broad range of execution and commission management services to money managers, institutional broker-dealers, and plan sponsors. Additional information on BNY Brokerage is available at www.bnybrokerage.com.
    BNY Securities Group is the global agency brokerage, clearing and financial services outsourcing sector of The Bank of New York Company, Inc. It provides institutions, broker-dealers and corporations with a broadly diversified suite of services and "The Power of Choice" through multiple business models. Through its broad range of businesses, BNY Securities Group offers creative solutions in trade execution, commission management, independent research, securities clearing and financial services outsourcing. BNY Securities Group is the largest provider of commission management services, has 21 New York Stock Exchange seats, and offers global execution and clearing services in over 80 markets with offices in the U.S., Europe, Asia, and Australia. BNY Securities Group is an organization consisting of several broker-dealers and other companies. BNY Brokerage Inc. is a member of NYSE/NASD/SIPC.
    The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global financial institutions, asset managers, governments, non-profit organizations, corporations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
    DEx, SonicPort, and BNY Brokerage are service marks of BNY Brokerage Inc.
    Brokerage products and services offered by STN are provided by SunGard Institutional Brokerage Inc., member NASD/SIPC.

--30--AC/ny*

CONTACT: The Bank of New York Company, Inc. Media: Kevin Heine, 212-635-1569 or Sprung PR Andrew Sprung, 646-792-3739 andrew@sprungpr.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING SOURCE: The Bank of New York Company, Inc.

Copyright Business Wire 2005