Monis News
SunGard Enhances Monis XL Solution for Convertible Securities and Derivatives
November 17, 2009 — London, UK
SunGard has released a new version of Monis XL, its solution for pricing, analyzing and hedging convertible bonds and other equity-linked securities. Monis XL version 10.0 provides firms with enhanced front-end user functionality, analytics, extensions and asset class coverage.
According to EDHEC-Risk and Asset Management Research Centre, activity in the convertible securities market has gained momentum. EDHEC reports that convertible arbitrage has been the top performing hedge fund strategy so far this year, increasing by more than 40% in the first three quarters of 2009 according to EDHEC’s Alternative Indexes.
Monis XL 10.0 helps customers gain a competitive position in a resurgent convertible securities market by providing efficiency, accuracy and speed of pricing and analytics to help customers reach their trading goals. Monis XL’s analytics have been enhanced to provide customers with greater flexibility and depth of modeling, which helps provide improved pricing and analysis efficiencies. In addition, Monis XL version 10.0 provides new interfaces to enhance user navigation and access to critical information, coverage for additional asset classes including options on straight bonds, credit default swaptions, and simple exotic options on both equity and FX options.
Emanuel Mond, president of SunGard’s alternative investments business, said, “With the improvement in the convertibles market, the release of Monis XL 10.0 is especially timely in helping customers achieve their specific trading objectives. Monis XL’s enhancements in analytics, particularly in providing accurate and efficient pricing, analysis and hedging solutions for convertible bonds and other asset classes, are crucial in an ever-evolving and highly competitive environment. Monis' specialized focus on convertibles helps ensure it is able to handle the numerous innovations in these instruments and features.”
About SunGard’s Monis
SunGard’s Monis suite of products provides analysis and modeling, pricing, trading and portfolio management tools supporting a wide range of asset classes, including convertible bonds, equity options, FX options and interest rate derivatives. Used by more than 350 institutions and over 100 hedge funds, Monis has become a standard for the convertible and capital markets. www.sungard.com/monis/learnmore
About SunGard
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 US$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 www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and Monis 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.