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SunGard Announces Collaborative Approach To Meeting MiFID Requirements At Its Annual European Customer Conference In Barcelona

Barcelona – June 13, 2006 – At its annual European customer conference in Barcelona today, SunGard announced that it will hold a series of in-depth workshops across Europe to help customers get ready for the Markets in Financial Instruments Directive (MiFID). The workshops are aimed at helping SunGard customers work together to define technology requirements for MiFID. The workshops will take place in the autumn in Belgium, France, Germany, Greece, Italy, Spain, Sweden and the UK.

Addressing more than 900 attendees at SunGard Europa, Harold Finders, group chief executive officer of SunGard’s European business, said: “We want to work with you on MiFID because we need to tackle this together. It is not as simple as providing you with a MiFID compliance solution. We believe the best way for you to seize the opportunity that MiFID offers is to work with each other and share requirements, rather than every financial institution duplicating each other’s work. We want to help facilitate a collaborative approach.”

Bob Fuller, IT director at Dresdner Kleinwort Wasserstein, said: “SunGard is taking the right approach to MiFID. Any software vendor claiming to have a MiFID compliance solution has not fully understood MiFID’s implications. Tier 2 and Tier 3 banks approaching MiFID in isolation face a daunting task, in a very short time frame. The wise thing to do would be to take a more collaborative approach.”

Other general session speakers at SunGard’s largest ever customer event in Europe, included Alberto Giovannini, renowned for his work on clearing and settlement; Angela Knight, chief executive officer of APCIMS; David Blair, treasurer at Nokia; and Irmfried Schwimann, head of the financial services policy unit at the internal market directorate, European Commission.