SunGard Releases Enhanced Cross-Asset Trading System

Tom Burroughes

27 August 2008

SunGard, the US software and processing firm catering for financial services, said it has released the latest version of its cross-asset trading solution, Front Arena.

The version 4.2 form of the product offers support for high volume foreign exchange and money market transactions. It is able to price derivative instruments quickly and can handle larger volumes of complex trades, the firm said.

This latest version of Front Arena includes three new features: support for grid computing; remote sheet calculations for large portfolios; and enhanced memory management.

“Front Arena 4.2 has been performance tested in collaboration with our systems, with simulations typical of tier one banks. With over 350 trades per second being processed through the system and over 100 simulated clients attached, users experienced sub-second position updates for large interbank trades,” said Ambreesh Khanna, global head, financial services industry at Sun Microsystems.