SunGard adds repo trading with RTFM Martini acquisition

SunGard adds repo trading with RTFM Martini acquisition

SunGard Securities Finance has acquired UK-based Real Time Financial Management Ltd., operator of the Martini global repo trading platform.

Real Time Financial Management, which was established in 1998, is privately held and has offices in London and New York. The Martini system is currently used by 15 firms in 30 location to manage global trading books in repo, bonds and equity financing.

Founder Matthew Harrison will continue to manage the business, which will be part of SunGard Securities Finance, reporting to Brian Traquair.

Says Traquair: "The repo and global trading capability of Martini is complementary to the recordkeeping, operations and settlement excellence of our Loanet, Global One and WorldLend products."

A newly-developed Martini/Loanet link will go into production today, he says, with a Global One interface added later this year.

"The customers of both companies will significantly benefit from this transaction," he adds.

Financial terms of the deal, which is not considered material to SunGard's results, were not disclosed.

Comments: (0)