MOUNTAIN VIEW, Calif., June 4 /PRNewswire/ -- Infinity, a SunGard company,
today announced that Fuji Bank London has selected Infinity to provide the
foundation for its new foreign exchange (FX) operation. The project represents
a joint development initiative between the two companies.
Fuji Bank London has one of the largest Japanese trading rooms in Europe,
executing high volumes of FX, money market and derivatives trades on a daily
basis. Infinity is a leading provider of enterprise applications for financial
trading, risk management and operations.
"We were looking for a strong global partner to work with on this
strategic project. Infinity represents our platform of choice because of its
commitment to our efforts, its ability to deliver and its proven expertise in
the trading and risk management field," said Yasutake Sayanagi, IT manager of
Fuji Bank London.
Mr. Sayanagi continued: "Fuji Bank London selected Infinity because it can
integrate different asset classes -- namely foreign exchange, money market and
derivatives -- in a single risk management system. We also liked the fact that
the software is flexible enough to operate seamlessly with other
software."
Roger Lang, chief executive officer, Infinity, said: "Fuji Bank London is
one of the leading Japanese trading houses in Europe and we are pleased to
have the opportunity to work closely with the Bank on such an exciting
development project. Joint initiatives such as these are important to Infinity
because they allow us to remain close to the market and deliver exactly what
customers require."
Infinity was formed in January 1998 as a result of the merger of Infinity
Financial Technology, Renaissance Software and SunGard Capital Markets. The
initiative at Fuji Bank London takes advantage of the global resources of the
new company, as developers, financial engineers and project managers
representing each of the three former organizations have united to bring the
highest degree of industry and product knowledge to the project.
The role of the treasury operation as a profit-generating center is
becoming increasingly important to financial enterprises around the world.
More and more, these institutions are looking for a close, long-term working
relationship with their technology vendors to maximize the synergies achieved
from global partnerships.
The system is being developed on Sun(TM) Enterprise servers running the
Solaris operating environment from Sun Microsystems. Sun is also providing
design, consultancy and integration services as well as extensive benchmarking
facilities for the project.
About Fuji Bank
The Fuji Bank Ltd was established in 1880 and is one of Japan's most
prestigious and oldest banks. With a global network of offices consisting of
332 offices in Japan and 47 offices throughout the rest of the world, it is
also one of the leading banks in international finance. By providing timely
and high-quality financial products and services that precisely meet its
customers' needs, Fuji Bank has built a solid reputation as a bank that is
relied on by its customers.
About Infinity
Infinity, a SunGard company, provides enterprise applications for trading,
risk management and operations. Its customers are banks, asset managers,
corporates and government treasuries of every size, geographic spread and
operational complexity. Only Infinity's adaptable applications integrate all
the trading, risk management and operations activities of the enterprise. The
Infinity product family includes Infinity 7, Panorama, The Devon System,
Infinity Forex and Opus. SunGard Data Systems Inc. (NYSE: SDS) is the largest
specialized provider of proprietary investment support systems, a pioneer and
leading provider of comprehensive computer disaster recovery services and a
provider of proprietary healthcare information systems. SunGard Data Systems
can be reached at http://www.sungard.com. Infinity can be reached at
http://www.infinity.com.
NOTE: SunGard, Infinity, the Infinity logo, Panorama, Infinity 7,
Infinity Forex, The Devon System and Opus are trademarks or registered
trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and
foreign countries. Sun, the Sun logo, Sun Microsystems and Solaris are
trademarks or registered trademarks of Sun Microsystems, Inc. in the United
States and other countries. All other trade names are trademarks or registered
trademarks of their respective holders.
SOURCE Infinity
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Related links:
http://www.infinity.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 115467
CONTACT:
U.S., Briana Jolicoeur, 650-940-6100, or
briana_jolicoeur@infinity.com, or Europe, Rachel Fraser, +44 0
171 337 6000, or rachel_fraser@infinity.com, or Asia-Pacific,
Nicola Hills, +81 3 3237 7769, or nicola_hills@infinity.com, all
of Infinity
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