SunGard Provides Risk Analytics to KCM Options, LLC

SunGard's real-time options trading and risk platform, Brass MicroHedge, is now providing pre- and post-trade risk analytics to the Chicago-based hedge fund, KCM Options, which specializes in trading equity and index options.

Chicago, IL (Vocus) June 3, 2009 -- SunGard's real-time options trading and risk platform, Brass MicroHedge (http://sungard.com/financialsystems/products/brassmicrohedge.aspx), is now providing pre- and post-trade risk analytics to the Chicago-based hedge fund, KCM Options, which specializes in trading equity and index options. Brass MicroHedge helps KCM's options traders and risk managers examine trade opportunities and run scenario analysis across hundreds of listed options positions.

KCM uses Brass MicroHedge for risk management and modeling, including a new Leisen-Reimer pricing model, intraday decay and separate underlier and option interest rates. Brass MicroHedge's modeling and P&L display abilities will help KCM stay within its acceptable trading limits and help its options traders make better informed trading decisions.

Michael Horn, head trader at KCM, said, "SunGard's Brass MicroHedge assists us in maximizing our options trading profits while keeping an eye on risk. Our traders prefer Brass MicroHedge's front-end for analyzing trading opportunities, and have found MicroHedge's API to be an essential tool in connecting to our proprietary trading tasks. The new analytics features will further help us to strengthen our risk management."

Peter Hauser (http://www.sungard.com/financialsystems/aboutus/ourexperts/peterhauser.aspx), president of SunGard's Brass MicroHedge business unit, said, "Our proven solution provides trusted risk numbers to floor-based options traders, as well as risk managers. With the flexibility that comes with Brass MicroHedge, KCM's traders can load unique volatility skews, interest rates and dividends into our application, while exchanging information with their trade databases and execution system. Brass MicroHedge helps firms generate timely information for accurate risk analysis and achieve a holistic view of risk exposures."

About SunGard's Brass MicroHedge

An integrated trading platform for options traders and risk managers at market-making firms, institutional trading desks and hedge funds, Brass MicroHedge is a solution suite that processes market information, executes on away markets and analyzes risk. Brass MicroHedge offers a real-time trading and risk application; trade execution capability, and streaming automated quote management and market making. Brass MicroHedge also provides a solution for real-time portfolio and firm-wide risk management.

About SunGard

SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

Trademark Information: SunGard, the SunGard logo, Brass and MicroHedge 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.

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