London, UK (Vocus) April 27, 2009
SunGard has extended its ASP connectivity services in Japan by adding new connections to three Japanese exchanges: Osaka Securities Exchange (OSE), Tokyo Commodity Exchange (TOCOM) and Tokyo Stock Exchange (TSE), including the new Tdex+ options trading platform. SunGard has provided ASP managed access to the Tokyo Financial Exchange (TFX) since 2008.
SunGard’s extended services will allow exchange members in Japan to outsource the complex activities involved in procuring and managing the hardware, software and telecommunication links required for market access. Users will benefit from 24/7, cost-effective access to all local markets.
Japanese exchanges offer, or plan to offer in the near future, membership to financial institutions outside Japan. SunGard’s global order routing network, GL Net, provides direct links to all of SunGard’s ASP gateways worldwide. International financial institutions that use GL Net will therefore be able to trade on Japanese exchanges from locations worldwide.
Franck Peltier, managing director of SunGard’s global trading business in Asia, said: “SunGard already has a major presence in Japan, delivering enterprise software solutions for trading and market access that are managed by customers in-house. In addition, SunGard has strong relationships with TFX, OSE, TOCOM and TSE – that will be further strengthened with these connectivity services. We built the Japanese ASP gateways using our experience in delivering and supporting trading infrastructure and market gateways for brokerage houses throughout the world. SunGard now provides ASP connectivity services to more than 70 equities and derivatives exchanges worldwide.”
About SunGard’s GL Net
GL Net is a high-bandwidth global network, providing order routing and market data delivery services. GL Net was conceived by SunGard’s global trading business, formerly known as GL TRADE. GL Net links a direct-market-access community of financial institutions, with brokerage organizations offering services for trading on the world’s electronic markets in all core asset classes. GL Net’s connectivity hubs support low-latency market data delivery from global markets and is continuing to expand to cover emerging electronic markets.
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 472 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 http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and GL Net 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.