SunGard Launches New Apex Solution for Securities Finance
June 23, 2009 — New York
SunGard has added a new offering to its suite of analytics, software and processing solutions for securities finance*. SunGard’s Apex is a consolidated front-to-back office solution that supports equity and fixed income securities lending and repo trading. It has been designed to help increase productivity and automation, help drive down costs and help improve operational efficiency by providing a full front-to-back office solution for global securities finance trading and operations.
The complex mix of positions management, collateral, and trade lifecycle processing functionality that securities finance participants require means that firms need technology solutions that offer flexibility, control and transparency. Greater cost control requirements also mean that many firms want to move away from supporting and maintaining multiple systems. SunGard’s Apex offers a single, integrated solution that covers real-time position management, flexible trade capture, exception processing and process automation. It can help to optimize securities finance activities across trading desks, regions and product lines.
SunGard’s Apex helps firms manage their entire global securities finance business – equities and repos – in one framework. From position management, trading and P&L analysis on the front end, through risk and operations management in the middle-office, and settlement and interfaces in the back-office, Apex is a comprehensive international solution. Working in combination with SunGard’s Loanet and its inventory management system, Smart Loan, an industry standard for brokers in the U.S. equity/corporate markets, Apex can provide a complete view of the firm’s international and domestic securities finance business.
Craig Costigan, executive vice president and general manager, securities finance, for SunGard’s capital markets and investment banking business, commented: “If efforts to positively transform the strategy and workflow of a securities finance business are constrained due to limitations in technology, it becomes difficult for the business to compete. SunGard already serves a large, global securities finance community, and we have drawn on our experience with this community to create in Apex a technology solution that removes these constraints. The open, flexible architecture of SunGard’s Apex helps firms to tailor the solution to their individual requirements, helping ensure the best possible fit with existing and developing business lines.”
* SunGard’s existing suite of analytics, software and processing solutions for securities finance includes SunGard’s Astec Analytics, Global One, Loanet, and Martini. These solutions support the transaction lifecycle for securities borrowing, lending and repo for both brokerages and lenders. With a large number of financial institutions using our existing securities finance solution, SunGard will continue to maintain a high level of customer service and support and will also continue to develop and enhance these solutions in response to industry, regulatory and customer needs.
About SunGard’s Apex
SunGard’s Apex offers a single, integrated solution for securities finance that covers real-time position management, flexible trade capture, exception processing and process automation. It can help all types of securities finance market practitioners to optimize their activities across trading desks, regions and product lines. For more information, visit www.sungard.com/securitiesfinance
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, Apex, Astec Analytics, Global One, Loanet, Martini and Smart Loan are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.