SunGard has extended its suite of securities finance solutions with the launch
of Apex JSFC Trade Manager, which helps reduce the costs and increase the
productivity of lenders participating in the Japan Securities Finance
Corporation's (JSFC) ( http://www.jsf.co.jp/english/e_index.htm ) daily auction
of securities lending requirements.
Each day the JSFC publishes the borrow requirements of market participants so
that holders of stocks can submit their best offers in an effort to capture
those lending opportunities. However, many lenders rely on time consuming and
error-prone manual processes to match each opportunity with available
Apex JSFC Trade Manager automates the bid submission process, helping lenders
save time, increase accuracy and reduce costs. Analytical tools help traders
determine the best quantity and fee for each stock and make more accurate and
timely bids. Users can also take dividends into account and utilize decision
support tools to help optimize their P&L in the auction process and facilitate
funding/financing trades when they are looking to generate cash through the
Delivered on an ASP basis, Apex JSFC Trade Manager is easily integrated with
any stock borrowing and lending system for straight through processing or run
as a standalone solution.
Jane Milner, head of strategy for securities finance and enterprise collateral
management for SunGard's capital markets business, said, "The Japan Securities
Finance Corporation's daily stock lending process is a time-critical event that
involves lending hundreds of stocks, analyzing current positions and assigning
fees. SunGard's Apex JSFC Trade Manager automates this process to help
securities lenders capture the maximum revenue from Japanese lending
opportunities and save time and costs."
About SunGard's Securities Finance Solutions
SunGard's securities finance solutions help all types of securities finance
market participants achieve greater transparency, efficiency and automation.
Our solutions support stock borrowing and lending, repo trading, prime
brokerage and collateral management. SunGard's same-day global securities
lending data also helps firms analyze the latest movements in the markets. For
more information, please visit www.sungard.com/securitiesfinance.
SunGard is one of the world's leading software and technology services
companies. SunGard has more than 17,000 employees and serves approximately
25,000 customers in more than 70 countries. SunGard provides software and
processing solutions for financial services, education and the public sector.
SunGard also provides disaster recovery services, managed IT services,
information availability consulting services and business continuity management
software. With annual revenue of about US$4.5 billion, SunGard is the largest
privately held software and services company and is ranked 480 on the Fortune
500. For more information, please visit www.sungard.com.
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