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SunGard's FRONT ARENA Wins "Buy Side Project of the Year" At 2006 The Banker Awards

15 June 2006 – SunGard today announced that The Banker, a leading global financial intelligence magazine has selected FRONT ARENA, as winner of ‘Buy-side Project of the Year’ for its successful on-time, on-budget implementation at hedge fund, Peloton Partners LLP. FRONT ARENA, SunGard's cross-asset trading solution was also highly commended in the ‘Application of the Year’ category.

The Banker Technology Awards are designed to provide financial institutions and their clients across the world with an objective analysis of the technical expertise that exists within key business areas. The awards highlight those solutions and projects that have made a real difference over the past 12 months. Peloton Partners’ choice of FRONT ARENA resulted in an exceptionally quick go-live period of 62 days.

SunGard’s partnership with London-based Peloton Partners is an example of how a vendor can meet and exceed the most demanding of mandates. Hedge funds need easier reporting and interfacing as they cope with growth and institutionalisation. As they develop more sophisticated strategies, they need technology that can implement the strategies quickly, deliver them efficiently to clients and deliver them at the necessary scale for commercial success.

SunGard’s FRONT ARENA can be implemented in a prioritised, phased approach as a hedge fund grows and takes on more complex investment strategies. Traditionally a solution deployed by the sell-side, FRONT ARENA is ideally suited to the needs of hedge funds, which now closely match those of sophisticated proprietary trading desks. FRONT ARENA offers a packaged cross-asset solution that supports most financial instruments traded by hedge funds, in an environment that will help an organisation to centralise its risk control and connect to its clients and other market players in real-time. Furthermore, through its extension tools, FRONT ARENA helps facilitate rapid development of cutting-edge strategies.

Peter Banham, global head of product and marketing groups at SunGard’s FRONT ARENA business unit, commented, "We are pleased to be recognized by The Banker for the implementation at Peloton Partners. Spreadsheets alone are no longer reliable enough and do not enable management to get a proper top down view of the whole fund across multiple desks. A greater demand for transparency coupled with institutional investors’ requirements for reporting, means that hedge funds need systems in place before they can launch. We are able to offer our hedge fund customers a rapid implementation; three months is typical. And since FRONT ARENA comes packaged with workflows in place and unified cross-asset views, funds can immediately move beyond long/short to implement more sophisticated strategies.”