Press Releases
DekaBank Expands Use of SunGard’s Martini Securities Finance Solution
March 3, 2009 — London
DekaBank, one of Germany’s leading asset managers, has expanded its use of SunGard’s Martini to include support for principal lending and collateral management. DekaBank selected SunGard’s Martini, which provides integrated trading and operations support for securities finance, in 2003. The expansion of Martini’s use will help DekaBank support its high trade volumes while reducing its administration needs and overall trading risk. In addition, the solution’s configurable user interface will help DekaBank achieve cleaner and faster process management and quicker time to market for new products. It will also help DekaBank improve its ability to limit and manage exposure across the business.
Walter Kraushaar, head of short term products, DekaBank, Corporates and Markets, commented: "Martini’s principal lending functionality will help us to bring additional liquidity to the market, something that we see as being critical to our growth in the immediate future. We are very pleased that we have been able to work with the SunGard team to configure our solution to support specific roles and business needs, and we are confident that Martini is still the best choice to support our securities lending business.”
Brain Traquair, president of SunGard’s capital markets and investment banking business, said: “In such unprecedented times it is important that DekaBank has both scalable and functionally rich technology to support its repo business. The tools available with SunGard’s Martini can help banks, broker/dealers, hedge funds, and other investment funds, improve their risk management and enable the use of collateral whilst also helping them reduce intra- and inter- entity financing costs.”
About SunGard’s Martini
A trading system for bond and equity financing, Martini is used by banks, broker/dealers, hedge funds, and other investment funds to manage global trading books in securities lending and borrowing, repos, and related areas. Organizations use Martini to help support decision-making, manage risk, and process transactions efficiently. Martini can be customized to meet an organization’s individual, specialized needs.
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
Trademark Information: SunGard, the SunGard logo and Martini 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.