New York, 5 April 2010

SunGard has launched a new middle-office outsourcing service for traders, hedge funds, and corporations in the energy and commodity markets. Kiodex Middle-Office Outsourcing will offer a full range of optimized post-trade and pre-settlement services tailored to meet the specific middle-office needs of individual customers. The service will help customers realize greater operational efficiency, lower process costs and gain scalability. In-house middle-office operations can be costly and resource-heavy. In addition to offering specialist resources to manage a wide range of middle-office operations, SunGard’s Kiodex Middle-Office Outsourcing incorporates Kiodex software solutions that can help customers measure risk, design optimal hedging strategies, improve price execution and comply with accounting best practices.

The services provided by Kiodex Middle-Office Outsourcing are designed to help upgrade existing middle-office operations and provide real-time trade capture and confirmation services, system of record maintenance, reconciliation, P&L reporting and analysis, risk management reporting and analysis, and expert due diligence reviews. Kiodex uses a set of validated rules and algorithms to help companies detect behaviors characteristic of market manipulation and avoid regulatory noncompliance.

Stephen Bruel, research director at research and advisory firm Tower Group, said, "In the energy and commodities space, we expect to see increased demand for services like SunGard's that offer needed efficiencies, dependability and a customized approach to outsourcing."

Ben Jackson, senior executive vice president at SunGard’s energy and commodities business, commented: “The Kiodex Middle-Office Outsourcing service is designed to allow firms to focus on their strengths in managing funds and investments and to free them from the burden of managing IT or reporting staff. It provides a platform and infrastructure with predictable costs that can support requirements for regulatory compliance, scalability and adaptability. SunGard brings deep knowledge of middle-office processes, expertise in applying software to them, and an ability to understand and work with the unique needs of each customer to deliver these services.”Ends --