|
London – April 21st 2010
SunGard’s Front Arena solution, a global capital markets solution that delivers position control across multiple asset classes and business lines, has achieved record processing times for its risk calculations in a series of benchmarking tests performed using Intel’s Xeon® 7500 series-based servers. The tests showed that Front Arena is able to process risk calculations 1.7 times faster than with the previous generation of Intel® Xeon® 7400 series-based servers. The solution, therefore, is now able to help deliver more timely risk insight and lower total cost of ownership to customers.
An increased focus on risk, transparency and position control has made advanced technology critical to enhancing business performance. Front Arena has increased its scalability with respect to available cores and the latest version of the software, released in March 2010, maximizes the benefits available in the latest hardware. The enhancements mean the solution is able to deliver faster overviews of risk matrices and VaR calculations. The benchmarking tests included 2,000 risk calculations using a mix of finite difference and Monte Carlo based models for pricing structured equity products.
Nils Undén, chief technology officer for SunGard's Front Arena business unit, said: "We are continually investing in research and development to improve the performance of Front Arena. Using Intel® Xeon® 7500 series-based servers, Front Arena is able to process risk calculations 1.7 times faster than before, meaning we can help customers gain greater transparency and insight into their risk calculations, and improve overall position control and business decision making."
About Front Arena
SunGard's Front Arena is a global capital markets solution that delivers position control across multiple asset classes and business lines. Integrating sales and distribution, trading and risk management, and settlement and accounting, Front Arena helps capital markets businesses around the world improve performance, transparency and automation. Find out more at www.sungard.com/frontarena
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, including the world’s 25 largest financial services companies. 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 five 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 Front Arena 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.
|