SunGard has launched a new smart gateway for the Tokyo Commodity Exchange (TOCOM). SunGards smart gateways are a series of new clearing gateways for listed derivatives markets. The TOCOM gateway, which is the second of SunGards smart gateways to be launched, is already being used by 15 customers.
SunGards smart gateways are integrated with its post-trade derivatives processing applications, including GL Clearvision, GL Ubix, GMI and Options Watch, helping customers to improve performance and efficiency. Developed in Java and based on industry standards such as FIX messaging, SunGards smart gateways can be rolled out in a number of different technical environments including Windows, UNIX and Linux. This new architecture is scalable so that multiple gateways can be installed for a single exchange to help support increased trading volumes. The smart gateways will replace all of SunGards existing clearing gateways by early 2010.
The fact that we have 15 SunGard customers already using the TOCOM smart gateway, so quickly after its launch, shows how much scalability and performance have become key concerns in the post-trade environment, says Vincent Burzynski, chief product officer for SunGards global trading business. We believe that with so many customers seeking to increase the efficiency of their post-trade processes, well see similar enthusiasm for smart gateways in other regions as we roll them out.
D.C.