SunGard Launches New Clearing Gateways for Derivatives

SunGard is launching a series of new clearing gateways for listed derivatives markets. These smart gateways will be integrated with SunGard’s post-trade derivatives processing solutions, including, GL Clearvision, GL Ubix and GMI, helping SunGard customers to improve performance and efficiency.

Developed in Java and based on industry standards such as FIX messaging, SunGard’s smart gateways can be rolled out in a number of different technical environments including Windows, UNIX and Linux. This new architecture is scalable so that multiple gateways can be installed for a single exchange to help support increased trading volumes. The smart gateways will be launched throughout 2009, replacing SunGard’s existing clearing gateways by early 2010.

GL Clearvision, SunGard’s solution for matching and clearing, has been integrated with the first smart gateway, NYSE-Liffe US (cleared by the OCC). Four SunGard customers are already using the NYSE-Liffe US smart gateway.

Vincent Burzynski, chief product officer for SunGard’s global trading business, said, “SunGard customers in the post-trade derivatives environment continue to face challenges in terms of scalability, performance and efficiency. We are confident that our investment in a new technical architecture, based on industry standard frameworks, will help support our customers’ future business growth.”