First Customer in Japan Live with SunGard’s ASP Connectivity Services
August 6, 2009 — Tokyo
The Energy Division of Marubeni Corporation has become the first SunGard customer in Japan to go live with SunGard’s ASP connectivity services to support its trading and clearing operations on the Tokyo Commodity Exchange (TOCOM). Marubeni has also implemented SunGard’s GL Clearvision, a real-time middle-office matching and clearing system for derivatives, on an ASP basis. SunGard’s connectivity services will help Marubeni to access and trade on TOCOM, while GL Clearvision will help it to match orders with executed trades in real-time and send clearing instructions to the central clearing house.
In 2008, TOCOM announced the replacement of its entire exchange system. Marubeni therefore had to adapt its trading and clearing systems to maintain its business with TOCOM. SunGard was able to offer Marubeni a combined ASP offering that would allow it to outsource the complex activities involved in procuring and managing the infrastructure required for market access and clearing. A rapid implementation schedule meant that Marubeni’s users have been able to access cost-effective, managed connectivity and clearing services since May 2009.
Yukihiko Ishida, general manager, energy middle office at Marubeni, said: “SunGard’s ASP solutions have helped Marubeni to adapt quickly to changes in our key markets. Implementing SunGard’s solutions will also allow us to take advantage of its GL Net network, which will help us to extend our trading operations to new international markets in the future.”
Franck Peltier, managing director for SunGard’s global trading business in Asia, commented: “Financial market turmoil has given rise to two key challenges for trading firms: cost-control and an increase in exchange-based trading. Our hosted solutions and services help firms to meet these challenges in a cost-effective way.”
Marubeni is involved in the handling of products and provision of services in a broad range of sectors. These areas encompass importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, iron and steel products, and transportation machinery, and includes offshore trading.
The Company's activities also extend to power projects and infrastructure, plants, ships and industrial machinery, real estate development and construction, and finance, logistics and information.
The Energy Division strives to expand its earnings base by optimally coordinating the balance among its five strategic business fields: oil and gas exploration and production (E&P), LNG projects, trading, marketing and nuclear fuels.
About SunGard’s GL Net
GL Net is a high-bandwidth global network, providing order routing and market data delivery services. GL Net was conceived by SunGard’s global trading business, formerly known as GL TRADE. GL Net links a direct-market-access community of financial institutions, with brokerage organizations offering services for trading on the world’s electronic markets in all core asset classes. GL Net’s connectivity hubs support low-latency market data delivery from global markets and is continuing to expand to cover emerging electronic markets.
About SunGard’s GL Clearvision
GL Clearvision is an automated real-time middle-office matching and clearing system for derivatives providing true straight-through-processing between front-office, exchange and back-office systems.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, GL Net and GL Clearvision 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.