SunGard has expanded its Stream post-trade derivatives solutions to support CME Group’s Cleared OTC London Gold Forwards, Wet Tanker Freight Forwards and Foreign Exchange Forwards. The enhanced solutions include Stream GMI, Stream Clearvision and Stream Ubix.
SunGard’s support of the OTC products will provide automated centralized clearing and settlement and enable CME Clearing members and market participants to boost transparency, cut counterparty credit risk and gain processing efficiencies. The Stream solutions for post-trade derivatives processing offers middle-office trade matching and allocations, clearing and accounting for listed derivatives.
Click here for the release from SunGard.