BURLINGTON, Massachusetts, January 14 /PRNewswire/ --
SunGard (http://www.sungard.com) today announced that Financial-i magazine has named SunGard's Phase3 (http://www.sungard.com/phase3) the most innovative brokerage securities processing system in the magazine's "Leaders in Innovation Awards" for the second consecutive year.
Financial-i selected winners in conjunction with leading analyst firms and consultants in the industry, based on product innovations that have shaped the delivery of business solutions in wholesale transaction banking over the last 12 months. Vendor winners were chosen based on the cost-effectiveness of their solutions; their ability to solve business problems in terms of straight-through processing (STP), cross-departmental integration, regulatory compliance and faster transaction processing; their ability to reduce time- and cost-to-implement; overall efficiency enhancements; and the ability to facilitate bank-to-bank or bank-to-consumer communications.
Anita Hawser, editor of Financial-i, said, "Financial-i was particularly impressed with Phase3's ability to plug and play with different financial services solutions, as well as its ongoing commitment to innovation."
Gerard Murphy, president of SunGard's brokerage and clearance business, said, "SunGard is committed to helping its global institutional and retail brokerage customers to better streamline their back office operations, manage risk-based credit and margin, support multiple asset classes and have a single view of data. We continue to focus heavily on the areas of integration, transactional data management and real-time workflows that support customers holistically across the traditional trading and operational silos."
SunGard also provides solutions that operate both independently and in conjunction with its Phase3 solution to help firms achieve greater securities processing efficiencies, including Margin Advisor for real-time cross-asset margin, the STN Settlements central interface management system, and the StreamCore consolidated operational database.
Financial-i focuses on how technology is being leveraged to provide business solutions in wholesale transaction banking. Solutions that solve common business issues around the execution, delivery, clearing and settlement of transactions in the wholesale banking space, enhance the provision of value added services to customers, increase the speed of delivery of information, mitigate risk and maintain competitiveness. Visit Financial-i at http://www.financial-i.com.
A real-time, order-to-settlement system for processing securities transactions, Phase3 supports retail and institutional broker-dealers, ECNs, and correspondent clearing firms. Phase3 helps organizations automate securities processing, helping to reduce the delays and errors associated with manual interventions and helping to efficiently accommodate large trade volumes. It also assists customers in consolidating their records by enabling them to process all securities types on a single platform, using a single database, including equities, fixed income, mutual funds, and annuities.
With annual revenue exceeding US$4 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 ensure the continuity of their businesses. SunGard serves more than 25,000 customers in more than 50 countries, including the world's largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Margin Advisor, Phase3, STN Settlements and StreamCore 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.
For more information, contact: Adriana Senior SunGard Tel: +1-718-578-1130 Email: email@example.com Web site: http://www.sungard.com http://www.sungard.com/phase3 http://www.financial-i.com
Adriana Senior of SunGard, +1-718-578-1130, firstname.lastname@example.org