(Vocus) January 12, 2010
SunGard has launched a new clearing gateway for the London Metal Exchange (LME). The new smart gateway, which is developed in Java and based on industry standards such as FIX messaging, will help SunGard customers to improve clearing performance and efficiency on the LME.
The LME smart gateway is the latest in a series of new clearing gateways developed by SunGard for listed derivatives markets. The gateways are integrated with SunGard’s post-trade derivatives solutions, including Stream Clearvision, Stream Ubix and Stream GMI, and can be rolled out in a number of different technical environments including Windows, UNIX and Linux. To date, 15 customers are already using the LME smart gateway.
Yassine Brahim, president of SunGard's global trading business, said, “The fact that we already have 15 SunGard customers using the LME smart gateway demonstrates that scalability and performance have become key concerns in the post-trade environment. We believe the demand for better post-trade efficiency will continue to increase in 2010 and are anticipating similar enthusiasm in other regions for further smart gateways.”
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, Stream Clearvision, Stream Ubix and Stream GMI 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.