LONDON, May 30th, 2002 - SunGard Business Integration, an operating group of SunGard (NYSE: SDS), today announced that ABN AMRO Futures Ltd. has selected MINT to automate end-to-end trade processing across its operations.
The environment in which ABN AMRO Futures operates requires highly automated straight-through processing (STP) between its front- and back-offices,exchanges and its clients. ABN AMRO Futures’ objective was to implement a robust STP solution that would allow it to migrate from manual trade processing to a more automated process, thereby offering its clients improved service, accuracy and consistency. This migration will allow ABN AMRO Futures to accommodate a substantial increase in message volumes, while enabling it to increase its operational efficiency in a cost-effective manner.
ABN AMRO Futures currently operates SunGard's GMI for back-office processing, clearing and settlement of exchange-traded derivatives.
SunGard will provide the internal integration and external gateway connectivity for ABN AMRO Futures, building a highly automated and consolidated workflow environment based on the MINT Knowledge Broker, MINT Knowledge Manager and the MINT SWIFTNet Gateway.
Marc Huglin, head of operations at ABN AMRO Futures, commented, "Increasing volumes have created a need to establish a robust STP messaging solution. MINT technology provided us with the most robust and cost-effective solution enabling us to meet our objectives. ABN AMRO’s existing relationship and confidence in SunGard’s proven technology also influenced our vendor selection."
Danny Barsella, president and chief executive officer at SunGard Business Integration, commented, "We are delighted that another ABN AMRO business unit has selected MINT technology. We look forward to working with its Futures operations to help ensure the accuracy of trade delivery through a highly automated STP solution."