Panorama to Provide Market and Credit Risk Management for New Business
NEW YORK, Dec. 17 /PRNewswire/ -- SunGard Trading and Risk Systems, an
operating group of SunGard (NYSE: SDS), today announced that Waste Management,
Inc. (NYSE: WMI) has selected Panorama to support the trading activity of its
new pulp and paper trading group, and to track and manage the market and
credit risks related to its long-term physical delivery contracts.
Waste Management is its industry's leading provider of comprehensive waste
management services. Based in Houston, the company serves municipal,
commercial, industrial and residential customers throughout North America.
Waste Management selected Panorama to help it achieve its goal of reducing
overall long-term commodity price exposure. The company's pulp and paper
trading group serves as a competitive tool for customer retention and growth
since it can potentially provide value to key commercial, municipal and mill
customers.
Joe Reposa, director of systems development for Waste Management's recycle
America subsidiary, said, "We see paper trading as a natural extension of our
physical recycling efforts and as a differentiator for our company. We chose
Panorama because it offers us greater confidence in the trade support and risk
management of our new trading group."
Waste Management will be the first Panorama client in the pulp and paper
trading market. Scott Olle, president of SunGard Trading and Risk Systems'
Energy operating unit, said, "Panorama was able to meet Waste Management's
need for an end-to-end solution that seamlessly integrates with its work
environment to streamline its trading operation. Panorama's flexible
architecture makes it entirely commodity neutral, able to robustly support any
traded market with state-of-the-art risk reporting and management. While it
easily accepts and supports new commodities, Panorama also recognizes the
unique characteristics inherent in varying commodities, particularly as they
approach physical movement. Attention to those differences is where Panorama
thrives. We are committed to continuing to bring Panorama, already a proven
trading and risk management solution in various markets, to new markets such
as pulp and paper trading."
About Waste Management
As the leading provider of comprehensive waste management services, Waste
Management serves municipal, commercial, industrial and residential customers
throughout North America. Headquartered in Houston, Texas, the Company's
network of operations includes 305 active landfill disposal sites,
16 waste-to-energy plants, 66 landfill gas-to-energy facilities, 190 recycling
plants, 293 transfer stations and more than 1,400 collection facilities.
Combined, these resources allow Waste Management to offer a full range of
environmental services to approximately 25 million residential and two million
commercial customers nationwide.
About SunGard Trading and 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 20,000 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 and Panorama 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:
Adriana Senior, Marketing Director of SunGard
Trading and Risk Systems, +1-212-317-7489, or fax,
+1-212-223-0220, or adriana.senior@risk.sungard.com
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