SunGard launches stream gateways from SGX and EDX

Source: SunGard

SunGard has launched two new Stream Gateways for the Singapore Exchange Limited (SGX) and the London Stock Exchange (EDX).

SunGard's Stream Gateways are a series of clearing gateways for listed derivatives markets. The new Stream Gateways will help SunGard customers improve clearing performance and efficiency on the SGX and EDX.

SunGard's Stream Gateways are integrated with its post-trade derivatives processing solutions, including Stream Clearvision, Stream Ubix, Stream GMI and Stream Options Watch, which help customers improve performance and efficiency. Developed in Java and based on industry standards such as FIX messaging, SunGard's Stream Gateways can be delivered in a number of different technical environments including Windows, UNIX and Linux. Leveraging a scalable architecture, multiple gateways can be installed for a single exchange to help support increased trading volumes.

At present, the EDX gateway has already been selected by eleven of SunGard's customers and the SGX gateway has gone live with eleven customers.

Yassine Brahim, president of SunGard's global trading business, said, "SunGard's customers in the post-trade derivatives environment continue to face challenges in terms of scalability, performance and efficiency. The adoption of our new SGX and EDX Stream Gateways reflects the growing need for improved clearing performance and efficiency in the derivatives space, and mirrors the success of our TOCOM and OCC gateways. Stream Gateways were launched in June 2009 and five are now live for TOCOM, OCC, LME, SGX and EDX."

 

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