SunGard Enhances IntelliMatch Operational Control to Support Centrally Cleared OTC Derivatives

Share Article

SunGard has enhanced IntelliMatch Operational Control to help brokers address today’s market requirements in centrally cleared over-the-counter (OTC) derivatives.

SunGard has enhanced IntelliMatch Operational Control to help brokers address today’s market requirements in centrally cleared over-the-counter (OTC) derivatives. The solution’s customers include five of the top 10* Futures Commissions Merchants for reconciliation of exchange traded derivatives (ETD). By extending support to include OTC derivatives, SunGard’s solution now offers a single platform for comprehensive reconciliation automation of both ETD and OTC derivatives, helping increase transparency, reduce operational risk and lower costs.

Today, brokerage firms face unprecedented market change. Regulations such as Dodd Frank are expected to direct approximately 60%** of OTC derivatives by volume through centrally cleared counter parties (CCP’s). This will stretch operational and IT resources of sell-side firms, driving brokers to seek to reduce manual processes and enhance efficiency. In response, SunGard’s IntelliMatch Operational Control will help manage new and evolving CCP’s and automate reconciliation processes to support increases in transaction volumes and complexity. The solution will provide a central, consolidated view across trades, cash and positions, generating a single view of the derivatives reconciliations process.

Gert Raeves, CEBTowerGroup research director, commented: “Sell side firms are witnessing significant change that demands a re-evaluation of existing OTC processes. Today, many of these firms are reconciling manually in an environment heavy with internal and external compliance pressures and spiraling volumes. This is driving increased adoption of reconciliation solutions to enhance automation and help brokers respond to change and capitalize on new opportunities.”

Jennifer Hanes, executive vice president, Operations for SunGard’s banking business said: “With these enhancements, SunGard is building on its expertise in ETD reconciliation solutions to help brokers address central clearing requirements for OTC derivatives. We are seeing an appetite among our client base for OTC instrument coverage and our experience in the exchange traded market makes us well positioned to support firms in this area. IntelliMatch Operational Control helps brokers effectively manage market change through increased connectivity and efficiency, helping lower operational costs and reduce risk to manage regulation and market volatility.”

** Ready or Not? Here it Comes: OTC Derivatives Execution, Processing, Clearing & Reporting in the Post-Dodd Frank Landscape Executive Summary, Citi, April 2011

About SunGard’s IntelliMatch Operational Control
SunGard’s IntelliMatch Operational Control provides brokers with a comprehensive reconciliation solution for data collection, rules processing, automated matching, exception management and reporting, helping them manage derivatives market change. The suite of solutions helps firms provide connectivity to a fast-changing market infrastructure, increase efficiency for lower operational costs, and reduce risk to manage regulation and market volatility.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit

Trademark Information: SunGard, the SunGard logo and Intellimatch 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.

© SunGard 2012. All rights reserved.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jamie Serino
Email >
Visit website