NZX Dairy Futures Participants Gain Access to SunGard’s Derivatives Processing Solutions

Sydney, Australia (PRWEB) August 10, 2011

Clearing participants in NZX’s Global Dairy Futures market will be able to process dairy futures and whole milk powder futures via SunGard’s Stream Clearvision, Stream Ubix and Stream GMI middle- and back-office listed derivatives solutions. Under the arrangement between NZX and SunGard, NZX Dairy Futures Participants who are also SunGard customers will be able to purchase an extension to access SunGard’s middle- and back-office solution suite.

Ongoing volatility in dairy market prices and the resulting industry demand drove NZX to launch its first derivatives contract for Whole Milk Powder on October 8, 2010. This was followed by contracts for Skim Milk Powder and Anhydrous Milk Fat early in 2011. These risk management tools help offer accurate hedging for firms that are trading global dairy commodities.

Kathryn Jaggard, derivatives manager at NZX, said, “This arrangement will help SunGard’s customers benefit from efficient and accurate processing of NZX dairy futures trades via SunGard’s middle- and back-office solutions. SunGard has a significant base of global clearing firms who will now be able to integrate NZX derivatives seamlessly into their back-office systems.”

Laurent Jacquemin, executive vice president of post-trade derivatives for SunGard’s capital markets business, said, “Dairy futures such as whole milk powder are designed to help manage risk and reduce volatility. Now SunGard customers that trade these contracts on NZX will be able to clear them through the Stream solution suite, helping to give them greater scalability, automation and efficiency in the middle and back office.”

About NZX
NZX Limited is an integrated information, markets and infrastructure company headquartered in New Zealand that operates on an automated computerized trading system. NZX also operates a fully regulated Clearing and Settlement system, introduced in September 2010. NZX plans to launch a suite of options over the coming months. For more information, please visit http://www.nzx.com.

About SunGard’s Stream
SunGard's Stream is a suite of global, post-trade solutions for securities and derivatives. It is used by securities and financial markets firms to run their middle- and back-office operations. It also provides outsourcing of exchange and clearing interfaces and U.S. tax processing services. Stream helps financial services firms increase transparency, improve efficiency, track their activities and manage risk and exposure in real-time. For more information, please visit http://www.sungard.com/streamforposttrade.

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in 70 countries. 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 of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Stream Clearvision, Stream GMI and Stream Ubix 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.

###

Read the full story at http://www.prweb.com/releases/2011/8/prweb8709004.htm