SunGard announced today that its FAME market data and time series data management solution is being used to feed Pyxis Mobile wireless software solutions for financial services.
FAME data used with Pyxis Mobile applications helps portfolio managers, analysts and financial advisors access market data together with account and holdings information and supports use on both RIM's BlackBerry and Microsoft's Windows Mobile operating systems.
"Extending FAME to mobile devices helps users to monitor their funds and accounts based on the most up-to-date information at anytime and from anywhere," said Janet Crowley, president of SunGard's FAME business unit. "FAME, combined with Pyxis Mobile, offers financial institutions a reliable and secure plug-and-play solution for staying on top of news, price movements, portfolio performance and risk."
FAME aggregates market data, news and financial content from more than 120 third-party and proprietary sources, and provides cleansing, enrichment and analytics capabilities (http://www.sungard.com/fame). Pyxis Mobile aggregates FAME data into a variety of its mobile solutions for portfolio managers, analysts, traders, compliance officers and financial advisors. It gives users the ability to check market, historical and reference data in conjunction with their holdings and watch lists, while out of the office or away from their desks.
Adam D. Honoré, senior analyst at Aite Group, said, "Wireless technology specific to capital markets business functions continues to build momentum. Institutional money managers are looking for ways to be more effective than having to phone in or e-mail into the office for trading and monitoring the markets. With the proliferation of mobile smart devices, these capabilities add tremendous value beyond e-mail and the occasional web browsing."
"SunGard is one of the largest and most successful providers of data, software and services in the industry," said David Sayles, director of partner alliances at Pyxis Mobile. "Having SunGard provide a vast range of market data for Pyxis Mobile demonstrates the increased importance and reach of wireless applications for the finaee financial services professional."