Houston, TX (PRWEB) April 19, 2011
SunGard has extended its Fame solution suite to help energy and commodities market participants control costs and enter new markets while meeting internal and external compliance requirements. SunGard’s Fame energy and commodities solution suite is comprised of Fame Energy Web, Fame EnergyServer and Fame Energy Managed Data Services, providing a single solution suite to support the market data needs of energy traders, consumers and producers. The components can be deployed individually or as a comprehensive solution suite.
The ever increasing volumes in exchange-traded energy and commodities markets has opened up opportunities for automated trading strategies that were originally developed for the equities markets. To support automated trading, companies require a tick data solution. With this launch, SunGard adds millisecond data storage capabilities to Fame EnergyServer, creating a solution that meets the unique requirements of the intersection of commodities markets and algorithmic trading. With the new Fame EnergyServer, customers can develop and test their trading models and, as they commence trading, continue to effectively test the models and manage the risk of their automated trading strategies.
In addition, regulators and internal compliance departments are increasing pressure on energy and commodities traders to track throughout the day all components of their pricing and profit and loss including market prices. These demands are increasing operational costs and requiring companies to centralize and audit their market data repositories. Fame Energy can help customers by providing a standardized approach to tracking the who, what, when and why of all changes made to market data over time. In addition, Fame Energy can help customers control who can use and who is using third party market data, so that customers can comply with their legal obligations to the owners of this data and control their data costs.
Leslie Barbagallo, chief operating officer for SunGard’s energy and commodities business, said, “Customers need centralized data repositories, data entitlement and data metering to meet their obligations and control their costs by only licensing the data they need. In addition, commodities market data participants need solutions designed for commodities markets, with time series capabilities, intrinsic understanding of the difference between a barrel of oil and a megawatt of power, and a forward view on what will trade next. Fame Energy helps banks reduce spending, meet compliance requirements and trade in new markets and in new ways, such as automated trading.”
About SunGard Fame Energy
Fame Energy provides enterprise data management, decision support, and quality-checked managed data services to support energy traders, research analysts, data and risk managers at energy companies and financial institutions. Used by oil, power and gas companies, and financial institutions, Fame Energy provides Web-based, desktop charting and analysis capabilities for energy trading, market analysis and risk management; hosted or on-site data management for managing, manipulating and distributing energy information across the enterprise. For more information visit http://www.sungard.com/fameenergy.
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 and Fame Energy 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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