London, England (Vocus) April 22, 2010
SunGard’s Front Arena solution, a global capital markets solution that delivers position control across multiple asset classes and business lines, has achieved record processing times for its risk calculations in a series of benchmarking tests performed using Intel’s Xeon® 7500 series-based servers. The tests showed that Front Arena is able to process risk calculations 1.7 times faster than with the previous generation of Intel® Xeon® 7400 series-based servers. The solution, therefore, is now able to help deliver more timely risk insight and lower total cost of ownership to customers.
An increased focus on risk, transparency and position control has made advanced technology critical to enhancing business performance. Front Arena has increased its scalability with respect to available cores and the latest version of the software, released in March 2010, maximizes the benefits available in the latest hardware. The enhancements mean the solution is able to deliver faster overviews of risk matrices and VaR calculations. The benchmarking tests included 2,000 risk calculations using a mix of finite difference and Monte Carlo based models for pricing structured equity products.
Nils Undén, chief technology officer for SunGard's Front Arena business unit, said: "We are continually investing in research and development to improve the performance of Front Arena. Using Intel® Xeon® 7500 series-based servers, Front Arena is able to process risk calculations 1.7 times faster than before, meaning we can help customers gain greater transparency and insight into their risk calculations, and improve overall position control and business decision making.”
About Front Arena
SunGard's Front Arena is a global capital markets solution that delivers position control across multiple asset classes and business lines. Integrating sales and distribution, trading and risk management, and settlement and accounting, Front Arena helps capital markets businesses around the world improve performance, transparency and automation. Find out more at http://www.sungard.com/frontarena
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Front Arena 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.