Knight Implements SunGard’s Loanet to Support Securities Lending Activities

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Knight Clearing Services LLC (Knight), a subsidiary of Knight Capital Group, Inc., has implemented SunGard’s Loanet securities finance solution suite to help manage the requirements of its front-office, accounting, settlement and clearance and regulatory operations within its newly formed securities lending division.

Knight Clearing Services LLC (Knight), a subsidiary of Knight Capital Group, Inc., has implemented SunGard’s Loanet securities finance solution suite to help manage the requirements of its front-office, accounting, settlement and clearance and regulatory operations within its newly formed securities lending division. SunGard’s Loanet is a securities finance managed service that offers not only functionality across the entire trade lifecycle, but also the communications to help ensure efficient market access and maximum operational automation with other market participants. Loanet offers Knight speed to market coupled with the benefits of joining an established securities lending community.

Knight wanted to establish a technology platform to support the addition of securities lending capabilities as an extension of its equity and fixed income trade execution services for broker-dealers. Using Loanet Smart Loan to manage its front-office activities, Knight can control stock positions and manage locates, which helps provide the firm with a high degree of automation and the ability to spend more time on added-value trading activities.

Christopher Pento, managing director and head of Knight Clearing Services LLC, said, “We believe Loanet is a solid, proven platform for the securities financing business, and one that allows us to establish a self-clearing model with an industry standard solution. SunGard’s Loanet provides us with a tightly integrated, fully automated solution that helps manage our needs for securities lending.”

John Grimaldi, executive vice president and general manager of SunGard’s Loanet business unit, commented, “We are pleased to have Knight join our established securities finance customer community. Our expertise comes from a long history of providing customers with comprehensive services for their North American domestic securities lending and associated financing needs.”

About Loanet
Loanet provides a fully comprehensive, integrated suite of solutions to meet the specialist needs of the U.S. and Canadian domestic securities lending industry, along with access to a broad community of securities finance players. Integration with the Loanet community gives access to a wide range of market participants and market automation services.

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.

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 http://www.sungard.com.

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

Trademark Information: SunGard, the SunGard logo and Loanet 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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Toby West

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