OSI - Is Your Firm on Track?

SunGard can help.

The Options Symbology Initiative (OSI) impacts every financial institution involved in US listed equity options. The Options Clearing Corporation (OCC) remains steadfast on its dates for testing, with the first testing date scheduled for September 2009 and implementation starting in  February 2010. 

Yet often, the current market turmoil has taken precedence in terms of firms’ resources and attention. As a result, many firms are asking themselves, “Are we on track?” and “Do we have the resources to meet the deadline?”

Just like you, SunGard is also affected by OSI across the entire trade lifecycle, and remediation of SunGard’s products is underway to meet the new requirements. As an active participant on the OCC’s symbology committees and a provider of solutions that play many different roles in the trade lifecycle, SunGard is in a unique position to provide a critical mass of expertise and services to help customers through OSI. 

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