National Stock Exchange, a provider of exchange services, will use SunGard's Brass Liquidity Services dual routing infrastructure to route all traffic NSX directs to other venues for best execution obligations. NSX will also use SunGard's correspondent clearing services to support its clearing needs. SunGard's Brass Liquidity Services is a suite of market access solutions for both buy- and sell-side institutions and includes sponsored access, directed and smart order routing, dark aggregation and advanced algorithms. SunGard provides software and processing solutions for financial services, higher education and the public sector.

NSX will use Brass Sponsored Access, from SunGard's Brass Liquidity Services suite to help it with Reg NMS-compliant, direct connectivity to protected venues, ECNs and dark pools. Brass Liquidity Services dual-routing infrastructure will help NSX fulfill both its best execution and Reg NMS obligations by supporting exchange requirements to route away flow to any of the Reg NMS protected venues showing a better price. Additionally, the dual structure will provide NSX with a backup routing infrastructure and a cross-platform failover mechanism. This will help ensure reliability and stability, especially during volatile trading conditions. NSX will leverage Brass Sponsored Access's high-speed, low-latency direct connectivity to reduce the number of hops it takes to reach available, better-priced markets. By minimizing the number of hops, latency in the trade lifecycle is reduced, and will help NSX to better fulfill its best execution obligations. Correspondent clearing services will help NSX to increase post-trade efficiency, while decreasing infrastructure requirements and clearing and settlement costs.

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