NEW YORK, Sept. 8 /PRNewswire/ -- SunGard Trading and Risk Systems today
announced that Dexia Asset Management (Dexiam) has licensed Panorama for
trading, portfolio benchmarking and integrated market and credit risk
management.
Dexiam is a pan-European asset management company with main operations in
Paris, Luxembourg, Brussels and Geneva. Panorama will initially be installed
at Dexiam's Paris location, which specializes in hedge fund management in
which derivatives and structured products are used to leverage the performance
of the funds against their benchmarks.
Dexiam has also installed Decalog, SunGard's front- and middle-office
straight-through processing solution for investment management activities.
Dexiam is rolling out Decalog globally, and will seamlessly integrate Decalog
with Panorama for a complete portfolio and risk management solution.
"We at Dexiam believe that risk management and performance analysis will
greatly increase in importance, and in our view Panorama is the most advanced
vendor software that addresses these issues for asset managers" said
Henri-Michel Tranchimand, managing director, Dexia Asset Management.
Gavin Lavelle, president of SunGard's Panorama unit said, "We are
delighted that such a prestigious asset management firm as Dexiam has licensed
Panorama, a product we have tailored to create a premier risk solution for
asset managers. Panorama is best suited to this market due to its broad
instrument class coverage and its ability to integrate seamlessly with other
SunGard investment management solutions for integrated risk and portfolio
management. We look forward to expanding our relationship with Dexiam as we
install and integrate Panorama with Decalog."
Dexiam selected Panorama over competing solutions because of its
reputation for leading risk management functionality, its flexible and
extensible technology platform, and its strong support for asset management,
including portfolio benchmarking, asset weighting and expected tracking error.
Panorama was also selected for its broad asset class coverage, specifically
for its robust support of exotic derivatives and structured products.
Panorama's extensibility and scalability were also key factors in Dexiam's
decision to purchase the software. Dexiam will use Panorama's extensibility
toolkit to create customized reports and pricing features for fund
volatilities and exotic financial instruments.
Dexiam's trading volumes average between 500 and 1000 instruments daily.
Panorama will be used by staff members for risk control and by front-office
asset managers to support equities, interest rate and all their derivatives
asset management.
About Dexia Asset Management
Dexia Asset Management (Dexiam) is the asset management branch of Dexia
Group, a European banking group specializing in financial services to the
European public sector. The group ranks as one of the twenty-five largest
banks in the European Monetary Union. Dexiam manages $30 billion in assets
with an aggressive growth plan to reach $50 billion in assets under management
in 2001. For more information about Dexia, visit http://www.dexia.com
About Panorama and SunGard
Panorama -- an enterprise-wide real-time solution that provides integrated
cross-asset trading, market, credit and operational risk management -- is
developed and marketed by SunGard Trading and Risk Systems, an operating unit
of SunGard. SunGard (NYSE: SDS) 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 Decalog
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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CONTACT:
Europe: Sally Clarke, 44 207 337 1018, fax
44 207 337 6010, sally.clarke@risk.sungard.com, or Asia & The
Americas: Adriana Senior, 212-317-7489, fax 212-223-0220,
adriana.senior@risk.sungard.com, both for SunGard Trading and
Risk Systems
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