Our Experts
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Gerry Murphy
- president
- brokerage and clearance
- 781-999-9054
- gerard.murphy@sungard.com
Gerry Murphy is president of SunGard's brokerage and clearance business. Prior to his current position, Mr. Murphy was president of Phase3, InTrader and GMI solutions, which provide transaction processing, clearance and settlement solutions to broker/dealers and futures clearers. Since becoming president in 2002, Mr. Murphy has established greater cohesion between SunGard's back-office applications and successfully launched its STN Settlements and Margin Advisor-solutions. Prior to this position, he was executive vice president of sales and marketing at SunGard's Phase3 business unit.
Context
Gerry Murphy is an expert in the areas of securities processing, clearance and settlement, and front-to-back-office operations for broker-dealers. He guides technology and service initiatives to help customers adapt to industry changes, support global expansion and enhance business results. Key initiatives include supporting new risk-based portfolio margin requirements, helping customers to consolidate operations for greater efficiencies and enhancing foreign exchange processing and other global initiatives.
Commentary
In an effort to protect profit margins and increase business opportunities, many broker-dealers look to streamline operations, control risk and cost, and expand globally in order to sustain competitive advantage. The diverse legacy environment of many firms needs to be integrated and renewed to eliminate the bottlenecks of duplicate data and resulting reconciliation, while enabling cross-asset business functions and consolidated views of accounts via integrated broker desktops. By consolidating operations and creating a central transactional data store, firms are better able to tap one reliable source for proactively managing risk, performance and opportunity across the firm, while effectively dealing with increasing trade volumes, mergers and acquisitions. With the new risk-based portfolio margin industry requirements, the ability to perform the necessary calculations is crucial. As firms look to the international arena for growth, they will need global clearing and settlement, global margin tools and FX processing capabilities to help ensure a seamless expansion.