Calyon uses Phase3 integrated with SunGard's Margin Advisor, a real-time, cross-asset margin and credit monitoring system, and STN Settlements, a central interface management solution for securities clearance and settlement.

Calyon estimates that since 2001, its use of Phase3 to process equities, fixed income and options on one consolidated platform, has helped it recognize significant savings in annual clearing fees and IT costs, despite a ten-fold increase in transaction volumes. The consolidated Phase3 platform supports multiple business lines in a flexible, holistic manner and helps avoid the costs and inefficiencies of processing different products on separate applications. Business growth and increased processing volumes now necessitate the need for Calyon to move from a service bureau to a facilities management delivery model, by which Calyon leverages dedicated SunGard-managed servers exclusive to the Calyon processing environment.

Rich Jablonski, chief operating officer at Calyon Securities (USA) Inc., said, "Over the years, SunGard's Phase3 has helped support our growth by achieving total processing consolidation across our product lines. It is imperative that we continue with consolidated processing as we continue to grow, as well as to leverage powerful, intuitive tools like Margin Advisor for viewing and monitoring accounts and performing ad hoc calculations. Phase3's facilities management environment will help provide additional control of our growth and help us adapt to future needs, while integration across SunGard solutions helps to reduce complexity and promote more streamlined processing."

Phase3 will also continue to replicate data to Calyon's own servers supporting the company's customer Web portal applications. Calyon will use SunGard business continuity services providing 'hot-site' or near-instantaneous data recovery in the event of a service interruption. In addition to SunGard's Margin Advisor and STN Settlements solutions, Phase3 integrates seamlessly with SunGard's Brass order equities trading platform, Loanet real-time interactive equity finance solution, and STeP matching and reconciliation system to provide a seamless processing environment.

Gerard Murphy, president of SunGard's brokerage and clearance solutions business, said, "Phase3 continues to build on its strengths in providing firms with a common settlement and bookkeeping engine for a wide range of asset classes, with a full suite of solutions. Calyon's decision to continue to leverage the consolidated Phase3 platform across its business lines provides it with an environment primed for virtually unlimited growth. By providing Calyon with the ability to access aggregate customer information and activity across the enterprise, and streamline margin and credit risk processing, SunGard will help the firm gain efficiencies, reduce costs and expand business opportunities."