(Vocus) July 15, 2010
SunGard has developed a new clearing gateway in collaboration with Nord Pool, the Norwegian commodity derivatives exchange and part of the Nasdaq OMX Group. Nord Pool is one of the world's largest power derivatives exchanges, as well as one of Europe's largest carbon markets. SunGard’s Nord Pool Stream Gateway will help customers improve clearing performance and efficiency on the exchange.
SunGard's Stream Gateways integrate with SunGard’s post-trade derivatives processing solutions, including Stream Clearvision, Stream Ubix, Stream GMI and Stream Options Watch. Developed in Java and based on industry standards such as FIX messaging, SunGard’s Stream Gateways can be delivered in a number of different technical environments including Windows, UNIX and Linux. Leveraging a scalable architecture, multiple gateways can be installed for a single exchange to help support increased trading volumes.
Yassine Brahim, president of SunGard’s global trading business, said, “Financial institutions continue to face challenges in terms of scalability and efficiency in post-trade derivatives. SunGard’s collaboration with Nord Pool to develop a Stream Gateway will help meet the growing need for improved clearing performance in the derivatives space, and build upon the success of our existing Stream Gateways for TOCOM, OCC, LME, SGX, EDX and IDEM.”
About SunGard’s Global Trading
SunGard Global Trading provides multi-asset, front- to back-office trading solutions for equities, fixed income, derivatives 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.
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, GMI, Stream Clearvision and Stream Ubix 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.