SunGard Enhances Credit Monitoring Tool for OneChicago Single Stock Futures

SunGard has enhanced its Stream Margin solution to help financial institutions to effectively margin OneChicago single stock futures instruments in securities accounts.

Burlington, MA (Vocus) November 11, 2008 -- SunGard has enhanced its Stream Margin (http://www.sungard.com/marginadvisor) solution to help financial institutions to effectively margin OneChicago (http://www.onechicago.com/) single stock futures instruments in securities accounts. A real-time, cross-asset credit and margin monitoring tool, SunGard's Stream Margin now performs U.S. Reg T and Portfolio Margin credit monitoring on single stock futures to help firms mitigate operational risk by helping them measure credit and exposures more completely.

In an increasingly challenging financial environment, investors are looking to single stock futures to help reduce the cost to carry long positions, increase yields on short positions, and to synthetically participate in the stock lending process without the need to locate or borrow for short stock positions. Stream Margin integrates single stock futures into its credit monitoring workflow, allowing for the hedging of single stock futures with other stock and option components to help provide various levels of margin relief. Stream Margin also recognizes Exchange for Physical (EFP) transactions (http://www.onechicago.com/?page_id=27) cleared through the Options Clearing Corporation (OCC) and performs accurate margin calculations on the resulting position landscape, which can help reduce transaction costs.

Gerry Murphy, president of SunGard's brokerage and clearance business, said, "Financial institutions have long needed a tool for credit margining and clearing, especially as the current financial crisis demands improved controls over counterparty risk and cost. SunGard's Stream Margin helps firms earn higher returns on assets while helping reduce counterparty risk and eliminate the need to borrow on short sales. Stream Margin helps provide firms with an extra layer of credit protection by marrying industry margin rules with automated credit workflow and a firm's own strategies."

SunGard's Stream Margin uses a core rules engine that gives firms the ability to establish separate initial, maintenance and house requirement rates for single stock futures instruments and their respective multi-component strategies, including long and short strategies approved by self-regulatory organizations (SROs). To help firms enhance strategy pairings for single stock futures positions, Stream Margin also performs initial requirement calculations and SMA (Special Memorandum Account) treatment. Stream Margin also provides the capability for single stock futures positions to be carried in portfolio margin accounts in which stock futures are stress tested using both maintenance and house requirement ranges.

About OneChicago

The Exchange lists 989 futures on single stocks and 36 Exchange Traded Funds. OneChicago is a joint venture of IB Exchange Corp., the Chicago Board Options Exchange Incorporated® (CBOE®), and CME Group. All products are electronically traded on the CBOEdirect® match engine and accessible through the CBOEdirect® and CME Globex® platforms. Security futures can be traded out of either securities or futures accounts. For more information about OneChicago and its products, and to view the September 2008 Volume Report, please access the OneChicago Web site at www.onechicago.com

About SunGard's Stream Margin

Stream Margin is an intra-day and end-of-day margining solution that iterates from price and activity triggers, prompting the recalculation of strategy-based accounts. Stream Margin helps financial institutions enhance service to their clients and reduce risk by producing timely and accurate measurements of requirement and excess. In addition to automated margin call issuance and resolution, Stream Margin provides a set of workflow events used by managers to quantify their exposure and facilitate resolution workflow. Using continuous feeds from global markets, Stream Margin generates intra-day margin calculations, supports margin rules from the major exchanges worldwide, and integrates with most transaction processing applications.

About SunGard

With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 25 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Stream Margin are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

For more information, contact:

Adriana Senior

SunGard

Tel: 718-578-1130

Email: adriana.senior@sungard.com

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