FCStone Implements SunGard’s Sierra Advanced Margining to Help it Expand its FX Offering

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FCStone LLC, a Kansas City-based futures commission merchant, has implemented SunGard’s Sierra Advanced Margining module to support the expansion of its FX offering to include FX cash and FX derivative products.

FCStone LLC, a Kansas City-based futures commission merchant, has implemented SunGard’s Sierra Advanced Margining module to support the expansion of its FX offering to include FX cash and FX derivative products. Sierra’s Advanced Margining module provides brokers and their clients with a centralized workspace in which they can manage real-time margin, fee, trading activity, position, and revaluation calculations. This helps them improve monitoring of house and client positions, client orders and risk breakdown.

A Sierra customer since 2005, FCStone selected Sierra’s Advanced Margining module because of the solution’s access to liquidity. Sierra offers out-of-the-box connectivity to the major FX electronic communications networks as well as to a large network of prime brokers. The solution is also customizable, helping FCStone tailor its FX offering, client agreements, and collateral and margining requirements to match those of its clients.

Xuong Nguyen, executive vice president and chief operating officer of the Clearing and Execution Services division of FCStone, said, “As we looked to grow our business amidst new regulations and the increasing complexity of client demands, we decided to work with SunGard because of Sierra’s proven product capabilities and scalability. Our FX trade volumes have grown over 800% compared to when we started using Sierra five years ago. SunGard’s Sierra offers us a cost-effective solution that is scalable as we continue to grow our business.”

Jim Dennelly, senior vice president of SunGard’s Sierra business unit, said, “As US-based institutional banks and FX brokers look to respond to changing regulatory requirements, such as those of the National Futures Association in the US, they need a customizable and easily implemented solution that helps them be nimble. SunGard’s Sierra has proven its scalability in supporting FCStone’s growth since 2005, and will now help it continue to expand the FX offerings to its clients.”

About SunGard’s Sierra
SunGard's Sierra is a suite of FX and treasury solutions for buy- and sell-side financial institutions. Sierra provides real-time connectivity to multiple trading partners, P&L and position management, FX margining, integrated risk management, post-trade processing capabilities and capital markets accounting. Sierra is available as an ASP solution through SunGard’s secure data centers or on an on-premises basis. For more information, visit http://www.sungard.com/sierrafx

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 and Sierra 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
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