SunGard Supports Cleared OTC Gold, Freight and FX Forwards from CME Group

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SunGard has enhanced its Stream post-trade derivatives solutions, including Stream GMI, Stream Clearvision and Stream Ubix, to support CME Group’s Cleared OTC London Gold Forwards, Wet Tanker Freight Forwards, and Foreign Exchange (FX) Forwards.

SunGard has enhanced its Stream post-trade derivatives solutions, including Stream GMI, Stream Clearvision and Stream Ubix, to support CME Group’s Cleared OTC London Gold Forwards, Wet Tanker Freight Forwards, and Foreign Exchange (FX) Forwards. SunGard’s support of these OTC products helps provide automated centralized clearing and settlement, thereby helping CME Clearing members and market participants increase transparency, mitigate counterparty credit risk, and gain processing efficiencies.

SunGard’s Stream solutions for post-trade derivatives processing provide middle-office trade matching and allocations, clearing and accounting for listed derivatives, and real-time, global back-office processing for multi-entity companies. The solutions integrate in the middle-office to manage transactions between SunGard’s back-office systems and CME Group. While execution of the products occurs in an OTC environment, each counterparty using Stream will be able to receive cleared trades from CME Clearing for accurate and efficient post-trade recordkeeping, clearing and settlement of the Forwards products.

Michael O’Connell, managing director of CME Clearing at CME Group, said, “Central clearing can provide a crucial element to help reduce risk exposure among counterparties in OTC markets. SunGard is helping to automate the process of clearing, settlement and recordkeeping, which helps our members create efficiencies around post-trade processing, operational risk, and credit exposure management.”

Richard Hulit, executive vice president of SunGard’s position, risk and operations business, said, “As more OTC derivatives instruments move to a centrally cleared model, FCMs and brokers need established connectivity to clearinghouses to support post-trade processing and workflows. SunGard’s Stream solutions for listed derivatives remain at the forefront of supporting the evolving OTC derivatives landscape.”

About SunGard’s Stream
SunGard's Stream is a suite of global, post-trade solutions for securities and derivatives. It is used in securities and financial markets firms to run their middle- and back-office operations. It also provides outsourcing of exchange and clearing interfaces and U.S. tax processing services. Stream helps financial services firms increase transparency, improve efficiency, track their activities and manage risk and exposure in real-time.

About SunGard
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 of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Stream 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.

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Adriana Senior
SunGard
718-578-1130
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