Memphis, TN (PRWEB) November 29, 2012
FTN Financial Capital Markets, a bank dealer division of First Tennessee Bank NA, and FTN Financial Securities Corp, a wholly owned subsidiary of First Tennessee Bank, (“FTN Financial”) have implemented SunGard’s Stream Securities* suite of solutions to support their fixed income business. The integrated solutions provide improved access to real-time information, helping reduce operational risk, increase efficiency and transparency, and support business growth.
Stream Securities provides a single platform for all of FTN Financial’s fixed income securities processing, including real-time clearing and settlement and books and records. The firm is also leveraging Stream’s messaging interfaces for clearing and settlement.
Bill Buck, senior vice president and operations manager, FTN Financial, said, “We selected SunGard because of its back-office technology knowledge and track record of reliability. SunGard’s Stream Securities solution suite provides the automation and real-time capabilities that we require to help support the growth of our business.”
John Grimaldi, executive vice president of SunGard’s North American securities business unit, said, “The current economic conditions continue to put pressure on firms to control costs, even as they look for opportunities to grow. They are also facing multiple regulatory and internal requirements to better control risk. SunGard’s Stream Securities helps automate critical back-office functions and increase efficiency and transparency.”
*Stream Securities includes Stream Phase3, Stream Gateways, Stream Report Writer and Stream Fail Monitor.
About SunGard’s Stream Securities
SunGard’s Stream Securities suite includes the Stream RIMS and Stream Phase3 solutions. It helps financial services firms manage their middle- and back-office operations in an efficient and scalable manner. The Stream Securities suite supports real-time confirmations, allocations and affirmations across multiple asset classes, as well as real-time, order-to-settlement global securities processing. Retail and institutional self-clearing broker-dealers, ECNs, high frequency trading firms, investment banks, proprietary trading firms, fund managers and correspondent clearing firms use the Stream Securities solutions to help them reduce errors and take on new clients more easily. For more information, please visit http://www.sungard.com/stream.
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 http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Stream Fail Monitor, Stream Gateways, Stream Phase3, Stream Report Writer, Stream RIMS and Stream Securities 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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