In 2008, TOCOM announced the replacement of its entire exchange system. Marubeni therefore had to adapt its trading and clearing systems to maintain its business with TOCOM. SunGard was able to offer Marubeni a combined ASP offering that would allow it to outsource the complex activities involved in procuring and managing the infrastructure required for market access and clearing. A rapid implementation schedule meant that Marubeniâs users have been able to access cost-effective, managed connectivity and clearing services since May 2009.
Yukihiko Ishida, general manager, energy middle office at Marubeni, said: âSunGardâs ASP solutions have helped Marubeni to adapt quickly to changes in our key markets. Implementing SunGardâs solutions will also allow us to take advantage of its GL Net network, which will help us to extend our trading operations to new international markets in the future.â
Franck Peltier, managing director for SunGardâs global trading business in Asia, commented: âFinancial market turmoil has given rise to two key challenges for trading firms: cost-control and an increase in exchange-based trading. Our hosted solutions and services help firms to meet these challenges in a cost-effective way.â