SunGard Upgrades Cross-Asset Trading System

SunGard has launched the latest release of Front Arena, a cross-asset trading solution. SunGard’s Front Arena provides risk management and control for cross-asset transactions. It’s latest version, Front Arena 4.3, includes high volume FX trading capabilities, straight-through processing, scalable architecture and real-time pricing.

SunGard’s Front Arena has benchmarked capabilities for handling high-volume trading and for helping improve workflow efficiency. It can also handle highly complex cross-asset trades, helping traders, sales desks, risk managers and the back-office to better control operational costs and risks.

Tim Dodd, head of product management for SunGard’s Front Arena business unit, said in a release, “In today’s volatile markets it is imperative for companies to operate with robust yet flexible technology. In addition, FX trading systems are moving quickly towards the concept of a single and transparent process, one which allows for more comprehensive management of profit, risks, cash flows and workflows across all asset classes and desks. SunGard’s Front Arena can handle high-volume trading quickly and efficiently, whilst providing traders with pre-trade risk analysis and optimal trading scenarios.”

The latest release of Front Arena includes functionality for grid computing, remote sheet calculations for large portfolios and 64-bit support. In addition, it offers a new server-side quoting component for improved response times, improved position analysis, access to Front Arena business logic in Microsoft Excel, enhanced operations functionality and new instrument support for fixed income, interest rate derivatives, credit products and structured equity products. Front Arena also integrates with the latest release of SunGard’s Monis for pricing of convertible bonds, and can leverage SunGard’s Adaptiv confirmation manager across asset classes.