SunGard today announced that hedge fund Clarksdale Capital is using SunGard’s MicroHedge on a Software-as-a-Service (SaaS) basis for real-time trading, pricing and firm-wide risk management across equities, indices and futures. MicroHedge helps Clarksdale Capital’s event volatility traders to identify opportunities and high priority positions on one screen, evaluate risk across entire portfolios, and execute trades. As a hosted solution, it also helps Clarksdale to meet its time-to-market needs and to reduce infrastructure costs.
Ali Saadatnezhadi, managing director of Clarksdale Capital, said, “SunGard’s MicroHedge provides us with a powerful and reliable trading and risk solution. It was fast to implement and our traders were able to quickly and easily get up to speed on it. MicroHedge provides the real-time risk management and volatility skew analysis our traders need to help locate and prioritize opportunities. With the hosted solution, we have been able to reduce infrastructure costs in supporting market data feeds, related communication expenses and IT staff that would be needed to manage the system in-house. MicroHedge’s Internet-based delivery platform offers further ease of access from anywhere, providing our end-users with great flexibility.”
As an event volatility hedge fund, Clarksdale Capital uses MicroHedge to help locate trading opportunities based on movements in earnings, mergers and acquisitions, news, and other factors. SunGard provides MicroHedge in a hosted environment, and maintains the system along with all market data sources required by Clarksdale. In addition, MicroHedge’s real-time capabilities provide traders with the ability to view their positions at the prime broker and execute trades through one connection.
“Hedge funds require sophisticated trading functionality and reliable operational support, and we are pleased that MicroHedge is helping Clarksdale Capital reach its business goals through cost and trading efficiencies,” said Peter Hauser, president of SunGard’s MicroHedge business unit. “Delivered in a SaaS or hosted environment, MicroHedge helps hedge fund customers to reduce costs and get up and running quickly and confidently, with full access to real-time market data and positions as well as advanced tools for risk management and trade execution.”