Assent ATS is an alternative trading system provided by SunGard through its Assent broker-dealer division. Assent ATS is a dark pool that combines retail, institutional and high-frequency order flow from SunGard's Brass order management system users, as well as its Assent and GL Trade brokerage customers.
The ATS integrates into the Brass OMS in order to ease access for OMS users and ultimately help reduce transaction costs.
Assent ATS plans to support three core trading strategies, according to Chris Lees, vice president of SunGard's Assent Liquidity Services. The first lets brokers enter an order into the pool and wait for executions from liquidity passing through the ATS. In the second, an order is designed to execute in other dark venues. SunGard plans to manage these orders by splitting them between its own pool and routing them to other dark pools.