19 August 2017
visit www.avoka.com

SunGard moves to T+0 for futures margining

07 March 2002  |  5797 views  |  0 SunGard moves to T+0 for futures margining

SunGard Futures Systems has launched a real-time version of its Global Margin Server (GMS), a central processing system for calculating initial and on-demand variation margin requirements for exchanged-traded derivatives orders, positions, “what if” simulations, and portfolios.

The GMS system provides margin calls in real-time throughout the day in T+0, enabling customers to see their margin obligations the actual day of the trade. The system calculates margins by individual trade, product, exchange, region, or globally, either on-demand or automatically via a scheduler via the Internet.

Peter Hollenstein, vice president of strategic development at SunGard Futures Systems, says: “GMS takes the power of margining out of the back office and into the front lines, giving futures brokers and their customers more control and flexibility."

Traditionally, margin calls were based on initial margin calculations in a T+1 environment, or communicated the day after the trade via a statement.

“The real-time GMS capability allows our customers to utilise their capital more efficiently, recognize more investment opportunities faster, and mitigate risk more effectively,” adds Hollenstein.

GMS is designed as a freestanding application that can interface with any back office settlement system, and is accessed by traders internally over a network, or by client traders via an Internet portal. The system accepts trade and position feeds from virtually any source and uses files directly from exchanges without the need to reformat data.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard STN Treasury offers multi-bank FX pricing via Cognotec

SunGard STN Treasury offers multi-bank FX pricing via Cognotec

06 March 2002  |  4029 views  |  0 comments
SunGard acquires EnForm

SunGard acquires EnForm

05 March 2002  |  3757 views  |  0 comments
SunGard acquires Tradeline.com

SunGard acquires Tradeline.com

26 February 2002  |  4381 views  |  0 comments
SunGard meets expectations

SunGard meets expectations

15 February 2002  |  3322 views  |  0 comments
SunGard Global Markets cuts one in five of workforce

SunGard Global Markets cuts one in five of workforce

13 February 2002  |  3492 views  |  0 comments
SunGard adds risk analysis to STN Treasury

SunGard adds risk analysis to STN Treasury

21 January 2002  |  3415 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8169 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7463 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6409 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6159 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6007 views comments | 11 tweets | 9 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job