Press Releases
Capula Selects SunGard’s Front Arena for Trading and Risk Management
April 14, 2009 — London
Capula Investment Management LLP (Capula), a multi-billion dollar global fixed income specialist investment firm based in London which manages fixed income absolute return, fixed income long-only and fixed income portable alpha strategies, has selected SunGard’s Front Arena, a real-time, integrated cross-asset trading platform, to help manage its trading and risk management functions.
SunGard’s Front Arena will provide Capula with advanced profit and loss reporting and risk metrics to support its trading decisions. The SunGard solution replaces an in-house system and will help Capula increase the scalability of its operations. Front Arena will also give Capula the extra capacity it needs to help meet the growing demand for fixed income portable alpha and fixed income long-only mandates, with a quicker time to market.
John Dai, partner and chief risk officer at Capula Investment Management, commented: “We selected SunGard’s Front Arena because our validation exercises showed that Front Arena calculates valuation metrics with a high degree of accuracy, something required in global fixed income trading. It also provides global coverage of instruments while the extension framework makes it relatively easy to integrate internal systems and third-party tools into Front Arena, providing a wide range of functionality to our investment, risk management and operational teams.”
Emanuel Mond, president of SunGard’s alternative investment business, said: ”Capula joins a growing number of hedge funds that are turning to SunGard’s Front Arena to help them automate their global trading operations. The solution will help meet the needs of such an operation, providing support, scalability for growth, unified risk and real-time P&L.“
About Capula Investment Management
Capula is a Global Government Fixed Income specialist investment manager headed by Yan Huo, CIO, based in London. The firm manages Fixed Income Absolute Return, Fixed Income long-only and Fixed Income Portable Alpha strategies. The Capula GRV Fund focuses on Global Fixed Income Relative Value and Macro opportunities primarily in USD, EUR and JPY markets. The Capula Government Only Liquidity Fund is a Government-only Liquidity Fund. Capula Portable Alpha strategies are run as separate mandates for institutional investors. Capula’s active fixed-income investment strategies exhibit low correlation to traditional equity and fixed income market investments. Capula is authorized and regulated by the Financial Services Authority.
About SunGard’s Front Arena
A trading solution serving a range of financial institutions, Front Arena provides straight-through processing by integrating sales and distribution functions, trading capabilities and risk management. Institutional asset managers and brokers, traders, and market makers use Front Arena to trade equities, fixed-income, interest rate derivatives, and credit. Front Arena’s components can be configured to meet a variety of trading needs and scaled to support operations ranging from local to global.
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 472 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