Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Exchanges

11:01 AM
Connect Directly
RSS
E-Mail
50%
50%

SunGard Launches Gateway to Tokyo Commodity Exchange

SunGard Launches Gateway to Tokyo Commodity Exchange

SunGard has launched a new smart gateway for the Tokyo Commodity Exchange (TOCOM). SunGard’s smart gateways are a series of new clearing gateways for listed derivatives markets. The TOCOM gateway, which is the second of SunGard’s smart gateways to be launched, is already being used by 15 customers.

SunGard’s smart gateways are integrated with its post-trade derivatives processing solutions, including GL Clearvision, GL Ubix, GMI and Options Watch, helping 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 replace all of SunGard’s existing clearing gateways by early 2010.

Vincent Burzynski, chief product officer for SunGard’s global trading business, said in a company release, “The fact that we have 15 SunGard customers already using the TOCOM smart gateway, so quickly after its launch, shows how much scalability and performance have become key concerns in the post-trade environment. We believe that with so many customers seeking to increase the efficiency of their post-trade processes, we’ll see similar enthusiasm for smart gateways in other regions as we roll them out.”

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.