Davy Chooses SunGard’s Protegent Market Abuse

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Davy, Ireland’s leading providers of stockbroking, wealth management, asset management and financial advisory services, has selected SunGard’s Protegent Market Abuse solution to help manage market surveillance across its equity and bond trading operations globally.

Davy, Ireland’s leading providers of stockbroking, wealth management, asset management and financial advisory services, has selected SunGard’s Protegent Market Abuse solution to help manage market surveillance across its equity and bond trading operations globally.

SunGard’s Protegent Market Abuse will provide Davy with analytical tools such as graphical visualizations of market events, news and market data. The solution will also provide a configurable baseline rules and reports library, helping ensure compliance with regulations such as the Market Abuse Directive, including recent European Securities and Markets Authority guidelines (2012/122) “Controls in an Automated Trading Environment,” and relevant parts of MiFID.

Ger Knowles, head of regulations and compliance at Davy, said, “It is vital to display corporate responsibility and identify potential market abuse. SunGard’s Protegent Market Abuse solution provides the flexibility and functionality that we need to help manage the increasing regulatory requirements to perform timely and exhaustive market abuse surveillance.”

Steve Sabin, chief operating officer of SunGard’s Protegent business unit, said, “It’s crucial that trading participants establish a comprehensive trade monitoring process in order to comply with all of the regulatory requirements, minimize the regulatory risk involved in trading activities and protect their reputation. SunGard’s Protegent Market Abuse solution will help Davy identify high risk behaviors that require compliance reviews and respond quickly in advance of and during regulatory and legal inquiries.”

About Davy

Davy is Ireland’s leading provider of stockbroking, wealth management, asset management and financial advisory services. We offer a broad range of services to private clients, small businesses, corporations and institutional investors, and organize our activities around five interrelated business areas – Asset Management, Capital Markets, Corporate Finance, Private Clients and Research.

Founded in 1926, we have continually broken new ground in the industry by bringing about the expansion of financial and capital markets in Ireland and providing new opportunities for investors and growing companies. By harnessing the energy, talent and experience of our people and doing business the Davy way, we have managed to deliver extraordinary results for our clients. We have done this with absolute commitment to effective corporate governance, and a strong culture and ethos of compliance.
http://www.davy.ie
About SunGard's Protegent

SunGard's Protegent is a suite of solutions that help automate financial institutions’ compliance processes. It helps give financial institutions transparency into their data while helping them to enforce and document their compliance policies and procedures. Protegent’s solutions cover social media review, personal trading oversight, market abuse, Reg NMS, Order Audit Trail System (OATS), and transaction supervision and surveillance review. For more information, please visit http://www.sungard.com/protegent.

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 http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Protegent 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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Jamie Serino
SunGard
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