SunGard opens LME clearing gateway

Source: SunGard

SunGard has launched a new clearing gateway for the London Metal Exchange (LME).

The new smart gateway, which is developed in Java and based on industry standards such as FIX messaging, will help SunGard customers to improve clearing performance and efficiency on the LME.

The LME smart gateway is the latest in a series of new clearing gateways developed by SunGard for listed derivatives markets. The gateways are integrated with SunGard's post-trade derivatives solutions, including Stream Clearvision, Stream Ubix and StreamGMI, and can be rolled out in a number of different technical environments including Windows, UNIX and Linux.To date, 15 customers are already using the LME smart gateway.

Yassine Brahim, president of SunGard's global trading business, said, "The fact that we already have 15 SunGard customers using the LME smart gateway demonstrates that scalability and performance have become key concerns in the post-trade environment. We believe the demand for better post-trade efficiency will continue to increase in 2010 and are anticipating similar enthusiasm in other regions for further smart gateways."

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