SunGard wins Xcel Panorama contract

Xcel Energy is to deploy SunGard Trading and Risk Systems' Panorama product to support its energy markets business unit trading operations.

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SunGard wins Xcel Panorama contract

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Under the deal, Panorama will provide trading and risk management support for Xcel's regulated and non-regulated energy trading activity, and support the company's expansion into structured products marketing.

Jim Ashton, chief executive officer of SunGard Trading and Risk Systems, comments: "With this single vendor solution, Xcel traders will be able to fully integrate entirely new commodity and financial products, for both front- and middle-office processing, in less than one hour."

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