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CMA DataVision™ now available through direct interface with Sungard's FRONT ARENALondon, 3 April 2007: SunGard (www.sungard.com) today announced that it will provide an interface to CMA, the credit information specialist, via its FRONT ARENA trading platform (www.sungard.com/frontarena). SunGard's FRONT ARENA customers are now able to upload pricing and reference data directly from CMA, whose end of day credit market pricing data and services are used by thousands of credit market professionals globally. CMA DataVision™ is a same day, consensus-based price verification data service for CDS, indices and tranches sourced from 30 buy-side firms including the buy-side desks of leading global investment banks, hedge funds and asset managers. CDS spreads based on indicative observed quotes are delivered by 5pm London and 5pm New York time, giving FRONT ARENA's customers a timely market view and helping enable accurate mark-to-market and flash P&L analysis. "The combination of FRONT ARENA's trading technology and CMA's buy-side sourced data will help enhance the quality of customer operations across sales, trading, risk management and settlement of credit derivatives," said Laurent Paulhac, chief executive officer of CMA. "As the credit markets continue to evolve, the need for quality data and systems to support a dynamic and complex business is fundamental. FRONT ARENA and CMA are well positioned to help market participants in these areas." Pontus Eriksson, product manager at SunGard's FRONT ARENA business unit, said, "Our customers operating in the credit derivatives markets are facing increasing operational efficiency challenges. Feeding CMA's CDS data through FRONT ARENA helps institutions to reduce risk and achieve more streamlined trade processes. The integration facilitates uploading of data and it also creates the entities needed to achieve an out-of-the box credit solution. This automates the entire process with the click of a button." Monis, SunGard's solution for cross-asset-class analytics, also integrates to the CMA DataVision™ product for its Convertible and Credit Derivatives solutions. Customers of the Monis Data Service receive daily updated credit spread data calculated by CMA from liquid CDS prices. The Monis Data Service provides terms and conditions, pricing and relevant market data on convertible securities, in a format ready-made for the Monis XL and Monis Analyzer products. About FRONT ARENAA trading solution serving a range of financial institutions, SunGard's 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. For more information, visit www.sungard.com/frontarena About SunGardWith annual revenues exceeding $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 to ensure the continuity of their business. 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, FRONT ARENA and Monis 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: Pontus Eriksson |
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