SunGard releases updated version of Stream Margin tool to help clients in boosting single stock futures positions. New capacity will allow financial institutions to effectively margin OneChicago single stock futures instruments in securities accounts.
New application offered by SunGard combines the features necessary for today challenging financial market where investors are looking to single stock futures to help reduce the cost to carry long positions, increase yields on short positions, and to synthetically participate in the stock lending process without the need to locate or borrow for short stock positions.
In addition to initial requirement calculations and SMA (Special Memorandum Account) treatment SunGards Stream Margin integrates single stock futures into its credit monitoring workflow, allowing for the hedging of single stock futures with other stock and option components to help provide various levels of margin relief.
New application maintains long and short strategies approved by self-regulatory organizations (SROs).
SunGards Stream Margin helps firms earn higher returns on assets while helping reduce counterparty risk and eliminate the need to borrow on short sales, says Gerry Murphy, president of brokerage and clearance business, SunGard. Stream Margin helps provide firms with an extra layer of credit protection by marrying industry margin rules with automated credit workflow and a firms own strategies.
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