18 December 2017
visit www.avoka.com

SunGard buys Kronos Software

14 March 2002  |  8571 views  |  0 SunGard buys Kronos Software

SunGard Trading and Risk Systems has acquired Kronos Software with a view to adding Web-based trading and real-time market risk management functionality to the Infinity derivatives trading system.

Using Kronos' Web-based trading environment Infinity users will be able to connect to their counterparties online for price discovery and deal execution, says SunGard.

The company will also add Kronos' component-based real-time market risk management technology to Infinity, enabling users to process the very large amounts of data necessary to perform market risk calculations, in real-time.

Amir Khwaja, founder and chief executive officer of Kronos - and a former SunGard staffer - will be vice president, trading development, for the Credient/Infinity business unit.

Steve Husk, president of the Credient/Infinity operating unit of SunGard, says: "Kronos is an important investment for the future development strategy of the Credient, Infinity and Opus solutions."

Financial terms of the transaction were not disclosed.
KeywordsFINDEX

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 combines fixed income trading and analytics

SunGard combines fixed income trading and analytics

14 March 2002  |  3656 views  |  0 comments
SunGard and Sun set benchmarks for TreasuryTrader

SunGard and Sun set benchmarks for TreasuryTrader

07 March 2002  |  3598 views  |  0 comments
SunGard moves to T+0 for futures margining

SunGard moves to T+0 for futures margining

07 March 2002  |  5873 views  |  0 comments
SunGard STN Treasury offers multi-bank FX pricing via Cognotec

SunGard STN Treasury offers multi-bank FX pricing via Cognotec

06 March 2002  |  4108 views  |  0 comments
SunGard acquires EnForm

SunGard acquires EnForm

05 March 2002  |  3846 views  |  0 comments
SunGard acquires Tradeline.com

SunGard acquires Tradeline.com

26 February 2002  |  4446 views  |  0 comments
SunGard meets expectations

SunGard meets expectations

15 February 2002  |  3398 views  |  0 comments
SunGard Global Markets cuts one in five of workforce

SunGard Global Markets cuts one in five of workforce

13 February 2002  |  3564 views  |  0 comments
SunGard adds risk analysis to STN Treasury

SunGard adds risk analysis to STN Treasury

21 January 2002  |  3475 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11239 views comments | 3 tweets | 3 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10158 views comments | 21 tweets | 23 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7768 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7428 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7395 views comments | 6 tweets | 26 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job