In January 2009 GL Trade became the Global Trading business of SunGard. Since then, the team has been working to integrate our product lines with other SunGard offerings: during 2010, for example, GL Net became part of the expanded SunGard Global Network, which now links a community of over 2000 buy-side firms to more than 500 brokers.

In 2011 SunGard is taking a further important step, and we have brought together all SunGard software product lines for trading on global listed markets under a single brand: Valdi. This means that all GL Stream products will change their names: The Reference Card linked here gives details.

This branding change will have no immediate impact on the products or service organization, but will open up new opportunities as SunGard furthers its development work. An important new Valdi product has already been introduced. The Valdi Execution Management System is derived directly from the GL Stream architecture and, extends the functionality offered by the GL Winway workstation for buy-side trading desks. It enables integration of the trading station into the workflow of the asset manager or brokerage firm that uses it, facilitating the management of care order and DMA flows across multiple markets and trading desks.

Your SunGard account manager will of course be pleased to help if you have questions about our move to Valdi. The Valdi pages on SunGard’s website also provide further information.

More information at: http://www.fixprotocol.org/events/

SunGard is pleased to announce that City Days will be returning in 2011. First cities to welcome the City Days will be Vienna in April and Frankfurt and Hong Kong in May.

Click here for more information on SunGard City Day 2011.

More information will be posted soon.

SunGard has been named the top vendor in the fifth annual RiskTech100 rankings compiled by Chartis Research, a leading provider of research and analysis on global risk technology markets. According to Chartis Research’s RiskTech100 report, key contributors to SunGard’s success in earning the top spot were product functionality, organizational strength and market presence, earning SunGard high scores for its Adaptiv, Ambit, APT, AvantGard, Front Arena, iWorks, Monis, Stream and Valdi solutions.

SunGard provides integrated, enterprise-wide solutions for market, liquidity, credit and operational risk management, as well as asset liability management. Customers include banks, securities houses, broker/dealers, clearers, asset managers, hedge funds, insurance companies, pension funds, corporations and government entities of every size, geographical reach and operational complexity.

SunGard solutions offer pre- and post-trade risk management, in real-time, across diverse trading and clearing platforms. They help banks perform multidimensional analysis of the balance sheet and create a centralized view of cash, liquidity, and risk across the enterprise. Additionally, SunGard solutions provide market risk models, performance and risk analytics, portfolio optimization and construction tools for the investment industry. SunGard’s suite of liquidity management solutions for corporations helps organizations model enterprise risk around FX, market, interest rate, and commodity risk and corporate trade credit. SunGard’s solutions for insurers help companies implement enterprise risk management (ERM) programs that support global regulatory reforms, such as Solvency II in Europe and improve visibility of risk throughout the organization.

The Chartis rankings provide a comprehensive assessment of the world’s top 100 risk technology firms, and are recognized as one of the most comprehensive studies of the top technology firms active in risk management. The rankings are developed using a comprehensive review of risk management systems and a detailed assessment methodology. Results for this year were compiled from 827 questionnaires completed by technology buyers and end-users. More than 200 interviews were conducted with technology buyers, independent consultants and systems integrators specializing in risk technology to validate survey findings. In addition to earning the top spot overall, SunGard was also named the top vendor for Functionality and Market Presence, as well as in the vertical sector categories for Trading & Capital Markets and Insurance, and in the horizontal solution category for Liquidity Risk & ALM.

Peyman Mestchian, managing partner at Chartis Research, commented: “Recent events in the financial services sector, plus the introduction of new regulations and compliance initiatives have heightened the need for integrated risk management. Many risk technology vendors have jumped on this opportunity by promising a single platform for enterprise risk management. SunGard is one of a few vendors with the expertise and execution ability to deliver this promise by providing a portfolio of capabilities covering the full spectrum of financial risks in the banking book and trading book, as well as life insurance. We at Chartis have been impressed by SunGard’s continuous investment in product development and customer service.”

Harold Finders, division chief executive officer for SunGard Financial Systems, said, “For the third time in five years, SunGard has been named the #1 vendor in the RiskTech100 rankings, further demonstrating SunGard’s position as a world-class provider of risk management solutions. Today’s regulatory and compliance landscape, as well as the growing need for risk managers to increase transparency and efficiency across the enterprise, demand greater innovation, functionality and organizational strength. SunGard’s risk management solutions encompass the full risk environment to address liquidity, credit, market and operational risk individually as well as together in collaboration to drive current and future risk strategies.”

About Chartis Research

Chartis is the leading provider of research and analysis covering the global market for risk management technology. Our goal is to support enterprises seeking to optimize business performance through better risk management, corporate governance and compliance. We help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on the broad spectrum of risk technology offerings. Chartis Research is authorized in the United Kingdom by the Financial Services Authority (FSA) to provide investment advice. RiskTech100TM is a Registered Trade Mark of Chartis Research Limited (US Trade Mark Registration No. 3454398). For more information, visit www.chartis-research.com.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Adaptiv, Ambit, APT, AvantGard, Front Arena, iWorks, Monis, Stream and Valdi 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.

December 13, 2010 – Wayne, PA – Legent Clearing LLC, an independent provider of clearing services, is offering SunGard’s WealthStation Financial Planning and MarketMap for Advisors solutions to its correspondent clients. WealthStation Financial Planning provides Web-based, integrated planning and asset allocation functions through a single advisor portal. MarketMap for Advisors is a portable market data terminal specifically designed for independent advisors and wealth managers. The availability of these solutions will help Legent provide its clients with increased efficiency and quality of service to investors.

Legent serves a combination of traditional brokers, planners and RIAs, with many of its clients serving or recruiting a growing number of independent advisors. Legent chose SunGard in order to expand the firm’s infrastructure and diversify its service capabilities. Having offered SunGard’s WealthStation Trading broker workstation for trading and reporting to its clients since 2003, Legent’s selection of WealthStation Financial Planning and MarketMap will give its correspondent clients the ability to access comprehensive market data, global research, and advisory and wealth management capabilities.

WealthStation Financial Planning provides tools that help brokers and advisors of all skill levels choose their planning approach through quick reports or multi-issue, comprehensive presentations. Legent chose WealthStation Financial Planning for its flexibility of service options, multi-level functionality from basic to more in-depth financial planning, and built-in trading capabilities for complex options and basket trading.

MarketMap for Advisors provides flexible access to high quality, global market data including real-time price information, news, analysis and financial calculators. It displays information and provides decision support tools for research, analysis, portfolio management, asset management, and advisory functions. Legent chose MarketMap for its portability, cost-effectiveness and flexibility. MarketMap capabilities may be added to suit individual client needs, and used with any broker workstation provided through Legent.

Ray Maratea, president of Legent, said, “SunGard’s solutions help us compete effectively by giving us the ability to offer technology of the same caliber as supplied by many larger clearing firms. WealthStation’s integrated financial planning capabilities will help our correspondents reinforce client relationships and meet a wide range of client needs. MarketMap’s real-time data and accessibility will give our correspondents the information and support they need to make effective decisions.”

Melissa Cullen, executive vice president for SunGard’s wealth management business, said, “Advisors and wealth managers of all levels of sophistication are looking for better, cost-effective tools to help them strengthen service for increasing client demands. WealthStation’s integrated workflows and aggregate information helps advisors spend more time with clients, deliver greater transparency, and provide a higher level of service. MarketMap’s light technology footprint, access to global data across multiple asset classes, and ease of monitoring of usage and cost optimization make it ideal for advisors. It can be customized to suit individual Legent clients and integrate with WealthStation for enhanced efficiency and workflow.”

About Legent Clearing LLC

Legent Clearing provides reliable execution and clearing services, business development support, and competitive pricing to retail and institutional brokerage firms nationwide. Our products and services suite includes modern trading and communications technology, expansive market data, global research, comprehensive portfolio management tools, numerous cash management options, sophisticated advisory/wealth management services and education and training assistance to enhance sales productivity and stimulate asset accumulation. Legent Clearing is committed to helping our correspondents establish business plans and promotional strategies that will allow their firms to become and remain profitable in highly competitive environments. In fact, we’ve helped some small and start-up firms become market leaders by providing custom-fit technology solutions and best of breed products and services that foster increased revenues. www.legentclearing.com

About SunGard’s WealthStation

SunGard’s WealthStation provides wealth managers with tools to help them acquire, service and grow their client relationships. Integrating client management, financial planning, investment management, asset allocation, data aggregation, trading, rebalancing, reporting, client access and compliance tools into a single platform, WealthStation delivers a flexible architecture to help advisors improve their productivity while providing increased service levels to their clients.

About SunGard’s MarketMap

MarketMap provides the buy-side and the sell-side with financial market data, news, analysis, financial calculators and improved decision tools. Rapidly deployed and available on an ASP basis, MarketMap is optimized for rapid navigation between multiple market views or workspaces. It is supplied with SMART (Subscriber Management And Reporting Tool), an integrated permissioning system, which allows users to monitor and control data costs in real-time.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.

Trademark Information: SunGard, the SunGard logo, MarketMap and WealthStation 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.

For more information, please contact:
Toby West, PR & Communications Manager
SunGard Financial Systems
Tel: +44 (0) 20 8081 2426
Email: toby.west@sungard.com

Tokyo’s Kabuto-cho bristles with securities houses, both old and new. Headquartered in a corner of this district, Kurokawa Kitoku Securities Co. Ltd. (CEO: Mr. Ken Izawa) is a time-honored company that has been in operation for 130 years, earning it the title of Japan’s oldest securities house.

Entering the Futures & Options market

Kurokawa Kitoku Securities has expanded into a field that has potential for growth even in the current market environment: electronic futures and options trading.

With many wealthy clients, Kurokawa Kitoku Securities’ core business is in retail equity trading. Recognizing the increasingly difficult market conditions, the firm considered strategies to generate new revenue streams, and decided to establish a Corporate Sales Division to offer electronic futures and options trading to professional clients. Mr. Ihara was invited to take the post of division chief.

Mr. Ihara focused the operation of the new Division on DMA (Direct Market Access) trading, and introduced SunGard’s Valdi Market Access ASP-based service as the market connectivity infrastructure. In April 2009 the Division launched a service for asset management companies in Japan and overseas, executing orders for futures and options on stock indices and bonds.

Mr. Ihara explains why Kurokawa Kitoku Securities adopted Valdi Market Access: “We needed to start operations quickly and at low cost, but we had no resources for new system development or operations. SunGard was the only vendor that could provide us with a solution for getting our service started fast enough.”

The Corporate Division’s deputy chief, Mr. Koichi Takada, adds that “Aside from the SunGard solution’s capacity and speed of order execution, clients value highly the usability of the Valdi Trader order screen, which allows them to place and cancel orders easily, with just a mouse-click. The user-customizable order book is very clear.”

The futures and options market is experiencing brisk trading conditions, in contrast to cash equities. This has helped Kurokawa Kitoku Securities’ new business to meet its planned revenue targets, and according to Mr. Ihara the company “was able to recoup almost the entire cost of the initial investment in one year. We focus on our operation and leave the system management to SunGard.”

Managing risk

One of the issues attracting great attention in the securities trading world today is the operational risk associated with erroneous orders being sent to market. These can of course cause serious financial and reputational damage, and Japan’s Financial Services Agency also keeps a watchful eye on such errors, making them an area of close scrutiny in inspections.

In this context, Mr. Takada praises SunGard’s Valdi Selector pre-trade risk management architecture. “We can set precise filters across a variety of factors including instrument, position, number of orders, prices and open interest, which enables us to minimize our risks.”

About 270 people work for Kurokawa Kitoku Securities, of which the Corporate Sales Division headed by Mr. Ihara has a staff of just four. This lean and efficient team has leveraged SunGard’s services so as to avoid placing any demands on the company’s own system management personnel. ”Employing new staff to build and operate the new systems would have raised the break-even revenue point significantly,” says Mr. Ihara. ”In addition, since we use the SunGard solution as a managed service, we do not have to worry about responding to changes in the exchanges’ systems. Whether we have to deal with a new release of the Osaka Securities Exchange’s OMX platform, or of TSE’s Tdex+, it doesn’t cost us a thing.”

Automating clearing

Kurokawa Kitoku Securities has succeeded well with its corporate futures and options trading initiative, and has established a revenue structure that is not easily affected by market conditions. The company now plans to expand its product line, improve service quality, and reduce costs in tandem with SunGard.

As a next step, Mr. Ihara intends to introduce SunGard’s Stream Clearvision middle-office system. “If we can do this,” he says, “We can expect to reduce operational mistakes and costs because there will no longer be any manual tasks in our trade processing cycle, from order execution to settlement.”

The challenges Kurokawa Kitoku Securities is taking on are considerable. The firm’s partnership with SunGard is one of the key factors enabling it to meet its ambitious business objectives.

For more information, click here to download all the case study.

Currently, OCBC Securities has three core platforms supported by SunGard solutions – retail investment, institutional investment and Internet retail.

For OCBC Securities’ retail investment arm, SunGard provides solutions for the firm’s 350 trading representatives (TRs) – working for a portfolio of retail clients who are mostly present in Singapore. SunGard also supports the firm’s institutional investment arm, which includes business with Tier-one brokerage firms and hedge funds. In addition, as part of Internet retail, SunGard also facilitates OCBC Securities’ clients in sending their orders through the web.

Since November 2007, OCBC Securities has been providing its trading representatives with SunGard’s GL Win trading workstations and direct market access gateways so that they can trade on the Singapore Stock Exchange (SGX), the Bursa Malaysia and the Hong Kong Stock Exchange (HKEx) . These solutions have allowed OCBC Securities trading representatives to bring the benefits of electronic trading, such as order executions in low latency and real-time reports to their retail customers. OCBC Securities trading representatives were the first in Singapore to offer these services for retail investment.

This push for technology was spurred by developments in the Asian markets which Mr Hui had observed. “In the last 10 years or so, there has been an increasing demand for multi-asset and multi-market solutions. While people were happy in the old days with cash deposits and, perhaps, simple mutual trusts, they have now become more savvy and sophisticated in their investments, wanting to trade in more exotic instruments and to go beyond their shores into the global markets. And this applies, not only to institutional investors, but also to retail investors.’’

Thanks to its experience with OCBC Securities, SunGard signed an industry-wide deal to replace exchange solution for all trading representatives in Singapore, thereby replacing about 3,000 screens for 13 brokerage firms to access the SGX platform.

Increasing sophistication in Asian exchanges
Mr Hui also points to the recent liberalization of formerly insular markets, like Japan and Korea, as an example of how Asian exchanges are evolving quickly. Together with the implementation of better infrastructure, there has also been a demand for new asset classes.

In September 2009, OCBC Securities cemented its new business model by announcing that it was ready to offer a global trading platform to retail, as well as institutional, investors. “What we have actually done is give the power of institutional trading to everyone. That is our value proposition. While others are still debating whether they should spend so much to satisfy this segment of the market, we have already gone ahead. And it’s only with a technology provider like SunGard and their network that we are able to execute solutions like this.”

Evolving solutions

To provide even more sophisticated execution services to its institutional clients, OCBC Securities regularly searched for new order management and trading capacities. At first, SunGard provided the GL Stream Order Management System and client connectivity so that OCBC Securities could manage order flows from its global institutional clients and execute on SGX. Updates have been applied regularly so that OCBC Securities could offer new advanced services such as algorithmic trading and lower latency for order management and execution.

Today, OCBC Securities has built an extensive connectivity, order management and trading platform with SunGard’s suite of advanced trading solutions such as GL Stream, GL Selector and the SunGard Global Network (SGN) order routing services.

First, the platform allows OCBC Securities to receive and manage orders flows from global institutional clients coming from SGN and other order routing networks. Secondly, it can handle the execution of orders on multiple local and global marketplaces such as AMEX, NYSE, NASDAQ, LSE, ASX, IDX, HKEx, SGX – with a re-routing of the order via SGN or other network to brokers across Asia, and also in the US and Europe.

Finally, the SunGard platform allows OCBC Securities to monitor its clients’ positions with a centralized risk management module (GL Selector), aggregating real-time positions across multiple markets. With this platform, OCBC Securities is able to provide its clients with cross-border investment opportunities and real-time reporting on the executed orders.

Because of this trusted and synergistic relationship, OCBC Securities eventually became the first broker in Singapore to convert its whole trading platform, using SunGard (and previously GL Trade) trading solutions. “We were ahead of the rest of the brokers in implementing one platform, provided by SunGard, to satisfy both our institutional and retail customers.’’

This is how we, as a business owner, see the value of a solution provider. There are many solutions out there. What’s important is how we mix and match and customize them to meet our clients’ needs.‘’

For more information, click here to download all the case study.

New York, NY, December 13, 2010 – Itaú BBA Securities, the brokerage arm of Itaú Unibanco based in São Paulo, has gone live with SunGard’s Valdi Order Management System (OMS), Valdi Liquidity Services and GL Selector to help it manage execution, trading and risk from a single platform. Itaú is also now connected to the SunGard Global Network giving it access to over 500 brokers and 110 markets around the world. SunGard will help Itaú trade multiple asset classes and source new liquidity to help drive growth and increase revenue.

Itaú BBA Securities has the largest trading floor in Latin America and the largest coverage of investment research in Brazil, as well as a vast global sales team located in major financial centers in the world, including New York, London, Dubai, Hong Kong, Tokyo and São Paulo. SunGard’s Valdi helps Itaú trade different types of securities on multiple markets and automate the trade lifecycle across asset classes. GL Selector provides pre-trade risk management on all equities and derivatives order flow, helping Itaú traders reduce risk by centralizing risk management capabilities. The SunGard Global Network helps Itaú better serve its clients by providing them with access to one of the most extensive trading networks, increasing their access to liquidity.

Christian Egan, chief executive officer of Itaú BBA Securities, said, “With SunGard’s Valdi, GL Selector and the SunGard Global Network, we now have a solution that supports the entire trade lifecycle. The value of SunGard’s offering is that it uniquely provides technology that is venue neutral in addition to providing competitive execution services. SunGard has also provided us with dedicated customer service representatives, swift implementation and onsite training and production support, helping us concentrate on what matters most to us: sourcing revenue opportunities for our clients.”

Raj Mahajan, president of SunGard’s trading business, said, “SunGard’s strategy is to help traders become more successful by providing them with increased automation, the ability to trade multiple asset classes, and connectivity to a global network of trading participants. A single vendor relationship also helps customers reduce execution and maintenance costs. SunGard’s Valdi will allow Itaú to use one provider for its trading needs, helping it increase revenues through global growth opportunities, reduce costs through economies of scale and centrally manage risk.”

About Valdi

SunGard’s Valdi provides equities, futures, fixed income and options traders with multi-asset, front-to-back trading and risk management solutions on 110 markets worldwide. SunGard’s Valdi global trading solutions support the entire trade lifecycle including integrated trade and order management systems, execution services, risk management, compliance, and clearing and settlement services. With connectivity via SunGard’s global network, SunGard’s global trading solutions help customers achieve increased performance, low latency and execution across multiple platforms, instruments and geographies.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.

Trademark Information: SunGard, the SunGard logo, GL Selector, the SunGard Global Network and Valdi 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.

With the profound changes taking place in Europe’s securities markets, trading firms are now more focused on the middle and back offices than in the past. Whereas the middle office was once regarded as a control step in the trading chain, regional and specialist brokers now realise they can exploit the middle office to deliver superior service to their clients. Additionally, the middle office is playing a role in unifying back-office systems for prime brokers, bringing together the data residing in disparate silos.

MiFID unleashed competition through the introduction of multilateral trading facilities (MTFs), which entered the market with lower cost offerings than those of the incumbent stock exchanges. Along with the MTFs came new central counterparties (CCPs).

This fragmentation in trading and clearing venues was accompanied by a surge in market volumes driven by smart order routing, direct market access and algorithmic trading technologies. MiFID also enabled a move to systematic internalisation, with large broking firms breaking trades up and executing them against their own books.

The financial crisis has also had an impact. All financial institutions are facing greater regulatory scrutiny, risk challenges and competition. Trading firms will have some important decisions to make about their business models and operations during the coming year.

CHALLENGES

This evolving securities landscape in Europe presents a number of challenges to trading firms as they seek to achieve the MiFID requirements of ‘best execution’ for their clients. These challenges include:

1. Market access & more complex instruments

The trend for investment firms to trade ‘anywhere at any time’ has put pressure on trading firms to provide access to a burgeoning number of trading venues.

Post-trade, firms must have access to multiple CCPs, but without widespread interoperability between CCPs they are faced with a plethora of clearing venues with which to connect.

The growth in structured products, exotic derivatives and hybrid instruments is likely to continue. In many cases, trading firms have managed such instruments manually on external spreadsheets or in-house systems at considerable operational risk.

2. High frequency trading

HFT puts significant pressure on trading firms’ operations – being able to handle the throughput of trades in the middle and back offices has become an issue. Moreover, as their clients increase their appetite for more complex instruments, trading firms must also rapidly calculate the complex charging rules associated with those instruments. The ability to provide real-time information has become a competitive differentiator for broking firms.

3. Risk management

Since the collapse of Lehman Brothers counterparty risk has risen to the top of the agenda, a consideration that generates an almost insatiable requirement for data. An automatic assumption that trades will settle is no longer made, and trading firms want to know their exposures to counterparties before they accept an order.

4. Cost pressures

Downward pressure on fees has been exerted all along the value chain. The introduction of competition led to reduced costs in trading, which highlighted the costs of clearing and settlement. In the competitive European landscape, efficiency is being sought all along the trading chain to drive out further costs.

5. Prime brokers’ challenges

In addition to all of the above, the largest broking firms also face a challenge in tracking multiple systems in their global operations and consolidating the information they receive into a single place from which they will have a consolidated view of their position.

SOLUTIONS

There are a number of solutions that will help trading firms to control middle and back office costs while meeting increasingly sophisticated client demands.

1. Netting

The Stream RIMS Netting module can deliver significant cost savings – for example, a user can net down 10,000 or so messages a day to 100-125 per day. Stream RIMS Netting is a stand alone ‘service based’ solution that automatically captures trades from third party front-office systems, identifies them as requiring netting and then automatically creates the net trades from user defined criteria such as counterparty, market, currency and value date etc.

2. ASP Services

In order to deliver flexibility at lower cost, SunGard can deliver hosted services for middle- and back-office processes via Stream RIMS. This ASP-based service helps brokers to outsource the maintenance of securities processing systems, thus freeing up resources to focus on core business and value added post-trade tasks.

3. Real-time information

SunGard’s Stream RIMS Middle and Back Office brings timely information to the front office and to clients without interfering with core processes.

At the middle-office level, brokers use the real-time capabilities to confirm allocations and to calculate charges. A real-time dashboard gives a global view of exceptions across all post-trade operations. For the largest firms, transparency of information is also crucial. The middle-office layer in these firms must be able to take information from disparate silos and feed it into a range of back-office systems, a capability Stream RIMS delivers.

4. Flexibility

Stream RIMS provides access to multiple venues and its Smart Settlement Routing capabilities ensure settlement instructions are formatted and routed to the correct destination according to business rules.

5. Scalability

The HFT and the multi-venue environment in Europe have increased trading volumes, and as a consequence the number of post-trade operations that must be carried out. Via the new EON module, Stream RIMS can support very high trading and messaging volumes as well as managing peak loads according to clients’ business priorities.

CONCLUSION

The impact of fragmentation in the European securities markets on the middle- and back-office operations of trading firms has been significant. To offer access to multiple pools of activity while controlling costs requires a thorough examination of how technology is deployed not only in the front office, but also in the middle and back offices. Automation, in the form of netting, ASP Services and real-time information will deliver the efficiency, transparency and flexibility that trading firms, and their clients, require to compete in Europe’s evolving securities markets.

For more information, click here to download the white paper