SunGard Enhances Its Stream Derivatives Suite to Support Launch of NASDAQ OMX NLX
December 5, 2012 — London
SunGard has enhanced its Stream Derivatives suite of solutions to support trading on Nasdaq OMX NLX (“NLX”), the new London interest rate derivatives trading venue. NLX will offer a range of both short- and long-term interest rate (STIRs and LTIRs) euro- and sterling-based listed derivatives products beginning in Q1 2013, subject to Financial Services Authority approval.
SunGard’s Stream Derivatives suite of solutions provides a variety of clearing and settlement functions, helping NLX members mitigate operational risk and create processing efficiencies. The suite includes Stream Clearvision, which supports connectivity to NLX as well as allocations, give-ups, take-ups and split management, and Stream GMI and Stream Ubix, both of which offer trade load and position keeping, valuation and reconciliations.
Charlotte Crosswell, chief executive officer of NLX, said, “Regulatory reform is driving significant change in the derivatives industry, and NLX is well positioned to help our members capitalize on these changes. Partnering with solutions providers that are readily accessible and familiar to our members is a key part of the NLX offering. SunGard’s post-trade solutions for derivatives provide a reliable, efficient and accurate means of managing the processing of NLX listed interest rate derivatives.
Laurent Jacquemin, executive vice president of post-trade derivatives for SunGard’s capital markets business, said, “SunGard continues to combine its deep expertise in derivatives with technological innovation to give customers like NLX access to the latest clearing platforms and products. SunGard is helping its customers take full advantage of the changes buffeting the derivatives industry and grow their businesses efficiently and securely.”
About SunGard’s Stream Derivatives
SunGard’s Stream Derivatives suite includes the Stream GMI, Stream Ubix and Stream Clearvision solutions for derivatives processing. The suite helps financial services firms automate their middle- and back-office operations, increase efficiency and support straight through processing. The Stream Derivatives suite covers the major derivatives exchanges in the world and provides real-time matching, clearing, bookkeeping and settlement as well as margining and brokerage management for both listed and cleared OTC derivatives, together with the necessary data feeds. Clearers, brokerage firms and proprietary trading firms use Stream Derivatives solutions to process their global derivatives activity and to help serve their clients efficiently. For more information, please visit www.sungard.com/stream.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Stream Clearvision, Stream Derivatives, Stream GMI and Stream Ubix 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.
© SunGard 2012. All rights reserved.