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SunGard supports cleared OTC Gold, Freight and FX Forwards from CME Group

Chicago, 2 March 2011

SunGard has enhanced its Stream post-trade derivatives solutions, including Stream GMI, Stream Clearvision and Stream Ubix,to support CME Group’s Cleared OTC London Gold Forwards, Wet Tanker Freight Forwards, and Foreign Exchange (FX) Forwards. SunGard’s support of these OTC products helps provide automated centralized clearing and settlement, thereby helping CME Clearing members and market participants increase transparency, mitigate counterparty credit risk, and gain processing efficiencies.

SunGard’s Stream solutions for post-trade derivatives processing provide middle-office trade matching and allocations, clearing and accounting for listed derivatives, and real-time, global back-office processing for multi-entity companies. The solutionsintegrate in the middle-office to manage transactions between SunGard’s back-office systems and CME Group. While execution of the products occurs in an OTC environment, each counterparty using Stream will be able to receive cleared trades from CME Clearing for accurate and efficient post-trade recordkeeping, clearing and settlement of the Forwards products.

Michael O’Connell, managing director of CME Clearing at CME Group, said, “Central clearing  can provide a crucial element to help reduce risk exposure among counterparties in OTC markets. SunGard is helping to automate the process of clearing, settlement and recordkeeping, which helps ourmembers create efficiencies aroundpost-trade processing, operational risk, and credit exposure management.”

Richard Hulit, executive vice president of SunGard’s position, risk and operations business, said, “As more OTC derivatives instruments move to a centrally cleared model, FCMs and brokers need established connectivity to clearinghouses to support post-trade processing and workflows. SunGard’s Stream solutions for listed derivatives remain at the forefront of supporting the evolving OTC derivatives landscape.”

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SunGard's Stream is a suite of global, post-trade solutions for securities and derivatives. It is used in securities and financial markets firms to run their middle- and back-office operations. It also provides outsourcing of exchange and clearing interfaces and U.S. tax processing services. Stream helps financial services firms increase transparency, improve efficiency, track their activities and manage risk and exposure in real-time.

www.sungard.com

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