SunGard Securities Processing has won a contract with Fifth Third Bank in the US for its InTrader real-time funding and investment portfolio system.
Under the deal, the Ohio-based bank will use InTrader to provide straight-through processing, front-to-back-office trading and sales support for its portfolio accounting, funding, and associated investment management operations.
Kenneth Parker, chief information officer, investments, at Fifth Third Bank, says: "We needed a system that could handle large volumes and a greater degree of complexity in the instruments we trade, and SunGard's InTrader provided the best coverage of our specific business and processing requirements."