SunGard Launches Smart Gateway for Tokyo Commodities Exchange
SunGard has launched a new smart gateway for the Tokyo Commodity Exchange (TOCOM). SunGard’s smart gateways are a series of new clearing gateways for listed derivatives markets. The TOCOM gateway, which is the second of SunGard’s smart gateways to be launched, is already being used by 15 customers.
London (Vocus/PRWEB ) July 10, 2009 -- SunGard has launched a new smart gateway for the Tokyo Commodity Exchange (TOCOM). SunGard’s smart gateways are a series of new clearing gateways for listed derivatives markets. The TOCOM gateway, which is the second of SunGard’s smart gateways to be launched, is already being used by 15 customers.
SunGard’s smart gateways are integrated with its post-trade derivatives processing solutions, including GL Clearvision, GL Ubix, GMI and Options Watch, helping customers to improve performance and efficiency. Developed in Java and based on industry standards such as FIX messaging, SunGard’s smart gateways can be rolled out in a number of different technical environments including Windows, UNIX and Linux. This new architecture is scalable so that multiple gateways can be installed for a single exchange to help support increased trading volumes. The smart gateways will replace all of SunGard’s existing clearing gateways by early 2010.
Vincent Burzynski, chief product officer for SunGard’s global trading business, said, “The fact that we have 15 SunGard customers already using the TOCOM smart gateway, so quickly after its launch, shows how much scalability and performance have become key concerns in the post-trade environment. We believe that with so many customers seeking to increase the efficiency of their post-trade processes, we’ll see similar enthusiasm for smart gateways in other regions as we roll them out.”
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About SunGard Global Trading
SunGard provides multi-asset, front- to back-office trading solutions for equities, fixed income, derivatives, FX and commodities on exchanges worldwide. These solutions support full lifecycle trading and trade processing activities including information services, market connectivity and order management that help improve trade efficiency and risk monitoring.
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 six 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, GL Clearvision, GL Options Watch, GL Ubix and GMI 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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