25 October 2016
Find out more

SunGard Stream derivatives to support trading on Nasdaq OMX NLX

05 December 2012  |  3423 views  |  0 Source: SunGard

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."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Find out moreFind out more

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
8716 views comments | 33 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8563 views comments
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
7842 views comments | 12 tweets | 27 linkedin
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
7710 views comments | 25 tweets | 27 linkedin
The payments cake is growingThe payments cake is growing
7678 views comments | 6 tweets | 11 linkedin

Featured job

to c.£100K base, double OTE
London, UK (covering Europe)

Find your next job