(Vocus) May 22, 2010
The Singapore Commodity Exchange (SICOM) has certified SunGard's GL Stream gateway for connectivity to its markets. SunGard’s GL Stream gateway solution provides trading and market data gateways for worldwide markets across major asset classes, including access to emerging electronic markets. With this certification, SunGard can now deliver market data and trading access to the SICOM exchange for both local and international brokers.
Jeremy Ang, chief executive officer of SICOM, said, “We welcome SunGard's connection to SICOM. SunGard's GL Stream gateway software and network connectivity will give our market participants another choice for direct and efficient access into our commodity platform, as commodities continue to attract investor interest."
Yassine Brahim, president of SunGard's global trading business, commented, "Facilitating electronic trading in countries where the financial communities are enhancing their IT infrastructures is a key part of SunGard’s trading strategy. With this certification, any customer who wants to trade at SICOM will be able to leverage SunGard's GL Stream market access gateway and trading platform for execution of SICOM contracts. This will help create more options for SICOM brokers to trade in their marketplace, as well as greater convenience for existing SunGard customers to trade on a new venue using their current trading platform."
About Singapore Commodity Exchange (SICOM)
SICOM, a company of Singapore Exchange (SGX), is Singapore’s marketplace for the trading of commodity futures and regulated by The Monetary Authority of Singapore. SICOM is the world’s price discovery centre for natural rubber with its two key rubber contracts - Ribbed Smoked Sheet (RSS) 3 and Technically Specified Rubber (TSR) 20 rubber futures contracts.
Positioned as a premier commodity trading hub in Asia, SICOM is expanding its product offering, with the recent launch of a Gold Deferred Settlement contract and a Robusta Coffee futures.
For more information, please visit SICOM website at http://www.sicom.net
About SunGard’s GL Stream
GL Stream provides a comprehensive response to the challenges of global electronic trading. GL Stream ASP for Market Access is a fully managed and cost-effective solution for exchange connectivity, based on hosted and mutualized market gateways. GL Stream for Liquidity Management is a suite of capabilities for trading of instruments across multiple competing venues: exchanges, ECNs, MTFs, dark pools and in-house matching engines.
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 GL Stream 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.