Imported from previous forum
SunGard Enhances Front Arena FIX/FAST Offering
Stockholm, SE - Sep 26, 2007 - SunGard (http://www.sungard.com) today announced that it has enhanced the functionality of its Front Arena FIX engine to provide support for the new FAST FIX protocol for trade transaction messaging. Front Arena, SunGard’s multi-asset class, integrated trading solution (http://www.sungard.com/frontarena), has been integrated with the FAST Virtual Machine (FVM) from Pantor Engineering, a specialist provider of advanced solutions for building and monitoring transaction systems.
The FAST Protocol (http://www.fixprotocol.org/fast) is a data compaction methodology that offers high compression rates for extreme bursts of market data without negatively affecting latency. Through the integration with the FAST Virtual Machine, Front Arena’s FIX engine will support both the FAST FIX protocol and the classic FIX protocol. SunGard’s first targeted production use is the upcoming FAST FIX interface for trading on the Nordic Exchange, scheduled for launch mid 2008.
Rolf Andersson, chief executive officer of Pantor, commented, “Front Arena is a state-of-the-art system with a large base of advanced and demanding users. FAST Virtual Machine (FVM) provides Front Arena with a complete high performance, low latency FAST implementation.”
Nils Undén, chief technology officer at SunGard’s Front Arena business unit, said, “We see a trend of exchanges moving to FAST FIX which propels the development of FAST and FIX for exchange trading. Pantor has played an instrumental role in this development, making this partnership a logical decision for us. Bringing FVM into Front Arenawill help us to continue to deliver outstanding value to our customers. We plan to use the updated FIX engine to support the introduction of FIX at the Nordic Exchange as well as for the Swiss Exchange which will similarly extend its FIX usage during 2008.“
About FAST Virtual Machine (FVM)
FVM is a complete, high performance implementation of the FIX Protocol Ltd FAST 1.1 standard. Exchanges use FVM to implement their FAST feed head ends, and recipients of the major FAST feeds use FVM to implement their data feed handlers.
About Pantor Engineering
Pantor is a Swedish software company that provides advanced products and services for building and monitoring transaction systems. Pantor was involved in the original design of the FAST Protocol and Rolf Andersson is currently a co-chair of the Market Data Optimization Working Group of FIX Protocol Ltd. For more information, visit www.pantor.com.
About Front Arena
A 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 SunGard
With annual revenue 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 and FRONT ARENA 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, contact:
Charlotte James
Tel: + 44 (0) 20 8081 2853
Email: charlotte.james@sungard.com