SunGard today announced that LaCrosse Global Fund Services has implemented SunGard’s Front Arena cross-asset trading solution as part of its platform for pricing and analyzing structured financial instruments held by fund administration clients.
London (Vocus) April 22, 2008 -- SunGard (http://www.sungard.com) today announced that LaCrosse Global Fund Services has implemented SunGard’s Front Arena cross-asset trading solution (http://www.sungard.com/frontarena) as part of its platform for pricing and analyzing structured financial instruments held by fund administration clients.
LaCrosse uses SunGard’s Front Arena to manage ten instrument classes in four time zones, including the pricing of swaps and options n different time zones for multiple clients. SunGard’s cross-asset coverage will help LaCrosse’s clients with real-time, accurate valuation. Front Arena supports various trading strategies, providing the ability to model them in real time. This helps funds to create strategies, increase portfolio complexity and stay competitive. Front Arena also provides independent valuation of positions.
Kok-Ying Lee, chief operating officer of LaCrosse, said, “We deliver the information our clients need to manage their complex portfolios, including daily profit and loss (P&L) and the valuation of global equities, fixed income, commodities, currencies, emerging markets and related derivatives. SunGard’s Front Arena helps us provide accurate P&L and valuations for all of these asset classes.”
Emanuel Mond, president of SunGard’s alternative investment business, said, “In an environment of increasing portfolio complexity, hedge funds must be able to value a wide range of instruments and asset classes. SunGard’s Front Arena will help LaCrosse by providing pricing and analyses for a broad range of asset classes.”
SunGard’s solutions for firms specializing in alternative investments support multiple asset classes and their derivatives, including equities, FX, interest rates, credit, commodities and convertibles. Solutions include strategy-specific applications for convertible and capital structure arbitrage, global repo, stock finance and listed options trading. SunGard’s enterprise-wide, straight-through processing solutions meet the trading, risk management, and investor and portfolio accounting requirements of single- and multi-strategy institutions.
About LaCrosse Global Fund Services
LaCrosse Global Fund Services is a provider of operations, middle-office and administration services to managers of complex hedge funds globally. The firm has more than 300 employees in 10 global office locations: Bogotá, Buenos Aires, Caracas, Istanbul, London, Minneapolis, Moscow, New York, São Paulo and Singapore. Current assets under administration are in excess of USD $14 billion, encompassing strategies traded by global portfolio managers who cover fixed income securities, interest rates, credit, foreign exchange, equities, commodities and related derivatives. For more information, visit www.lacrosseglobal.com.
About SunGard’s Front Arena
A trading solution serving a range of financial institutions, Front Arena provides straight-through processing by integrating sales and distribution functions, trading capabilities and risk management. Institutional asset managers and brokers, traders, and market makers use Front Arena to trade equities, fixed-income, interest rate derivatives, and credit. Front Arena’s components can be configured to meet a variety of trading needs and scaled to support operations ranging from local to global.
About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their businesses. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Front Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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