BOSTON - December 11, 2000 - SunGard Investment Management Systems today announced that Crédit Lyonnais Asset Management (CLAM), headquartered in Paris, France, has gone live with SunGard's Decalog order management system using the FIX (Financial Information Exchange) protocol. Crédit Lyonnais is using the FIX protocol to connect to Morgan Stanley Dean Witter, one of the leading global brokerage institutions. SunGard Investment Management Systems is a leading international provider of investment management software solutions for the front-, middle- and back-office activities of global asset management firms.
Crédit Lyonnais Asset Management is one of the leading European asset managers with EUR 65.9 billion of asset under management.
Through the FIX capabilities of the Decalog trading blotter, Crédit Lyonnais Asset Management can link to multiple brokers for orders and executions. Morgan Stanley was the first broker that CLAM connected to using FIX in August this year.
"Electronic Market connectivity is critical to speed up our ever increasing order processing flow, and the ability to link to multiple brokers from the Decalog trading blotter is considered a major benefit in our organization. Our traders are embracing this technology with a great enthusiasm," says Arnaud Fricaudet, director of the Asset Management Technology department, Crédit Lyonnais Asset Management.
"We have been deploying FIX capabilities for several years for our US-based customers and we are thrilled that large European institutions such as Crédit Lyonnais are now on board with us to implement this key feature in their trade management environment," says Roland Tuffier, director of business development, SunGard Investment Management Systems.