China Development Industrial Bank and Cathay Securities Choose SunGard's FRONT ARENA for Cross-Asset Sales, Trading and Risk

Stockholm, 26 April 2005 - SunGard (NYSE:SDS) announced today that Taiwan's China Development Industrial Bank (CDIB) and Grand Cathay Securities Corporation (GCSC) have selected in two separate agreements SunGard's FRONT ARENA solution for cross-asset sales, trading, risk management and back-office functions.

China Development Financial Holding Corporation (CDFH) owns CDIB and GCSC.
Stan Siao, executive vice president of CDFH and chief executive officer of GSCS, commented, "We want to build an integrated team of the strongest banking and securities practitioners in Taiwan. We are also putting in place an infrastructure to support our Taiwanese and Asian expansion plans. In addition, with changes in market deregulation and a customer base demanding more sophisticated products and services, we wanted to be in a position to lead this change. FRONT ARENA can help provide us with an integrated solution from which we can trade multiple products across all asset classes.
It helps us to innovate quickly and to leverage our know-how to meet this client and market demand. SunGard gives us the backing of a global partner which helps mitigate our implementation risk."

FRONT ARENA will provide both companies with integrated enterprise-wide trading, including real-time pricing, trade entry, position and risk management for fixed income, interest rate, credit derivatives, FX and FX options, futures, equity and equity derivatives for both OTC and electronically exchange-traded products. This will help both CDIB and GCSC to seamlessly consolidate treasury, proprietary trading, brokerage, and sales distribution activities into a holistic trading, risk management and back-office view through a single technological platform.

Front's managing director for Asia, Simon Woods, commented, "The addition of CDIB and GSCS demonstrates the flexibility of FRONT ARENA to assimilate to both local and global markets, helping empower dynamic and forward-thinking institutions like CDIB and GCSC with a competitive advantage. We look forward to our new customers leveraging FRONT ARENA's internal market, extension framework, and advanced order management capabilities to bring innovative products and services to market more quickly."

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