Panorama Trading and Risk Management Solution to be Extended to Support
Bandwidth Trading and Telecom Network Assets
NEW YORK, May 14 /PRNewswire/ -- SunGard Trading and Risk Systems, an
operating group of SunGard (NYSE: SDS), today announced that Williams
Communications has selected SunGard's Panorama for risk management of its
entire portfolio, including trading and risk support related to bandwidth
trading and network asset modeling. Panorama is believed to be the first
software solution for trading and risk management that will be extended to
support telecom assets, including physical assets.
Williams Communications owns, operates and is extending a nationwide fiber
optic network focused on providing voice, data, Internet and video services to
communications service providers. Williams Communications will use Panorama to
model this network, currently spanning 33,000 lit route-miles with 125 points
of presence. It will use Panorama to quantify, manage and optimize its
network and other telecom assets, including bandwidth.
Bob Fye, director of risk control at Williams Communications, said, "We
firmly believe in the need and benefits of risk management to
telecommunications firms and are establishing an active risk control process
at our firm. We believe we are the only telecom carrier to have a dedicated
risk control function within our network operations."
Mr. Fye continued, "We selected Panorama for trade and risk support of our
telecom assets because of the solution's flexibility to rapidly adapt to the
many changes that can be expected in a new and evolving market. Panorama's
robust modeling capabilities will enable us to model our network asset and
existing customer obligations. The implementation of the Panorama system
underscores Williams Communications strong belief in the necessity and value
of risk management."
Jim Ashton, chief executive officer of SunGard Trading and Risk Systems,
said, "Innovation continues to be one of SunGard's key growth strategies. We
help our clients lead into new markets with confidence, by providing solutions
that are reliable, innovative and integrated. Our solutions are backed by
strong financials, years of acquired industry expertise, and a focused plan
for a future in new and evolving business areas, like telecommunications. We
are very excited to be working with an industry leader like Williams
Communications to bring risk technology to the telecommunications space."
Panorama began as a cross-asset solution for trading, risk management and
processing in the capital markets and has been extended to integrate with
SunGard's Epsilon system in order to bring the power and sophistication of the
capital markets to the high-end energy industry. Panorama's robust support
for the energy market is now being extended to support telecommunications
trading.
About SunGard Trading & Risk Systems
SunGard Trading and Risk Systems provides integrated, enterprise-wide
solutions for financial trading, risk management and operations, as well as
asset liability management and financial planning and forecasting. Serving
over 500 clients, it offers Web-enabled solutions for achieving
straight-through processing, and for managing market, credit and operational
risk. Clients include banks, broker/dealers, asset managers, hedge funds,
corporate and government treasuries of every size, geographical reach and
operational complexity. For energy companies, SunGard Trading and Risk
Systems provides trading, risk management and commodity scheduling software
solutions.
About SunGard
SunGard is a global leader in integrated IT solutions and eProcessing for
financial services. SunGard is also the pioneer and a leading provider of
high-availability infrastructure for business continuity. With annual
revenues in excess of $1 billion, SunGard serves more than 10,000 clients in
over 50 countries, including 47 of the world's 50 largest financial services
institutions. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Panorama and Epsilon
are trademarks or registered trademarks of SunGard Data Systems Inc. in the
U.S. and other countries. All other trade names are trademarks or registered
trademarks of their respective holders.
SOURCE SunGard Trading and Risk Systems
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Related links:
http://www.sungard.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
Europe, Sally Clarke, 44-207-337-1018, or
fax, 44-207-337-6010, or sally.clarke@risk.sungard.com, or Asia &
The Americas, Adriana Senior, 212-317-7489, fax, 212-223-0220, or
adriana.senior@risk.sungard.com, both of SunGard Trading and Risk
Systems
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