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SunGard’s FRONT ARENA Selected ‘Front Office IT Company Of The Year’ By Funds Europe

SunGard, a leading provider of software and processing solutions for financial services, announced today that SunGard’s FRONT ARENA, a leading provider of cross-asset trading and risk management solutions, has been selected "Front Office IT Company of the Year" at the Funds Europe Awards 2006. The Funds Europe awards recognise achievements and contributions within the European funds community and credit those who have helped to advance the cross-border agenda within the asset management industry.

SunGard’s FRONT ARENA has been supporting global sell-side institutions for more than 20 years. In recent years it has evolved into a platform that can be readily deployed by any type or size of fund, for any strategy ranging from convertible arbitrage to distressed debt and foreign exchange options. An increasing number of US and UK hedge funds are choosing SunGard’s FRONT ARENA to help automate their cross-asset trading operations and help meet the high standards of transparency and reporting required by institutional investors. SunGard FRONT ARENA provides funds with a plug and play solution that can go live within a short timeframe.

In June this year, SunGard FRONT ARENA was also awarded "Buy-side Project of the Year" at The Banker Awards, for its successful on-time, on-budget implementation at hedge fund Peloton Partners LLP.

Peter Banham, global head of marketing at SunGard’s FRONT ARENA business unit, said, "We are pleased that Funds Europe has recognised the strength of SunGard FRONT ARENA, in what is our second important buy-side award this year. An increasing number of asset managers, and particularly hedge funds, are turning to SunGard for their trading needs. We offer our customers rapid implementation and FRONT ARENA's cross-asset trading and packaged workflows help funds to move to more sophisticated strategies."