SunGard Launches StreamCore Compliance Dashboard

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A Real-Time Monitoring Tool for Broker-Dealer Transparency and Supervision

SunGard has released StreamCore Compliance Dashboard, a vendor-neutral compliance solution that helps broker-dealers meet transparency and supervision requirements throughout the clearance and settlement process. The new offering helps broker-dealers proactively demonstrate that they have met their compliance obligations every day.

SunGard’s StreamCore Compliance Dashboard aggregates information from multiple transaction processing systems covering a range of products, asset classes and information silos, and presents centralized workflows and views of information in real-time. It also includes an audit trail showing that the firm has properly supervised its outsourcing provider.

Gerry Murphy, president of SunGard’s brokerage and clearance business, said, “There is inherent regulatory and litigation risk behind every error and every failed transaction. Many broker-dealers struggle with bringing back-office information to the middle- and front-offices, which can lead to regulatory issues. SunGard’s StreamCore Compliance Dashboard helps bridge these gaps by tying real-time profit and loss information to back-office information, providing accurate firm profitability on a daily basis, and unifying the presentation of information across disparate platforms.”

Increasingly, complex regulatory requirements demand that all financial transactions be reported within certain timelines. Failure to adhere to these reporting timelines can result in substantial penalties and increased regulatory scrutiny. However, providing real-time insight into transaction reporting, proactive alerts and notification of pending deadlines can be an extremely complex process for firms to manage on their own.

The first version of SunGard’s StreamCore Compliance Dashboard, which leverages Attunity’s InFocus application and data integration software, provides alerting and workflow capabilities for the Municipal Securities Rulemaking Board (MSRB) and The Financial Industry Regulatory Authority’s (FINRA) Trade Reporting and Compliance Engine (TRACE) , – two organizations that require submission of municipal trades and corporate bonds within 15 minutes of execution. SunGard’s StreamCore Compliance Dashboard monitors the progress of trades and displays any problems that may occur. By capturing the trade reporting data from the back-office system, the dashboard gives managers the ability to know instantly when the trade was executed and entered, when the back-office sent it to the regulator, and whether or not the trade was rejected. Offered in an application service provider (ASP) environment, SunGard’s StreamCore Compliance Dashboard provides a color-coded summary display of trade status with the ability to drill down into more detail, giving users the ability to view problems or delays as they occur and manage the process in real-time.

Additional Links:
Outsourced Supervision: A Composite Approach to Reducing Risk
FINRA: A Member's Responsibilities Regarding the Outsourcing of Certain Activities
Securities Industry and Financial Markets Association (SIFMA) Information on TRACE

About StreamCore
StreamCore is a vendor-neutral data management framework that normalizes, consolidates and simplifies data from disparate applications into a single repository. It helps financial services institutions manage market data, reference data and transaction data on an enterprise-wide basis, in order to help them reduce the cost and complexity associated with adding new products, services and business lines. StreamCore supports the global securities processing activities of financial services institutions, helping them streamline operations, improve risk mitigation and simplify their IT architecture.

About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and StreamCore 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.

For more information, contact:
Adriana Senior
SunGard
Tel: 718-578-1130
Email: adriana.senior @ risk.sungard.com

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