SunGard’s Stream GMI To Support Eris Exchange Interest Rate Swap Futures

January 24, 2011 — Chicago, IL

SunGard’s Stream GMI post-trade derivatives solution now gives CME Clearing members the ability to use their existing trade capture and bookkeeping processes to clear Eris Exchange’s interest rate swap futures through CME Clearing.  Support for OTC interest rate swaps clearing is a key element of SunGard’s strategy to support listed derivatives and the transition of OTC interest rate swap products to the clearinghouse model as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. In addition to Eris Exchange, Stream GMI currently supports OTC interest rate swaps clearing with CME Group, International Derivatives Clearinghouse (IDCH) and LCH.Clearnet UK SwapClear.

Eris Exchange has traded more than $18 billion in notional value for interest rate swap futures since the first trading activity in August 2010.  Eris Exchange interest rate swap futures are eligible to be cleared by any of the more than 50 Class A CME Clearing member firms with more than $50 million in net adjusted capital, without requiring firms to contribute capital to a segregated guarantee pool.

In addition to providing processing and accounting support through Stream GMI, SunGard is also developing financial and regulatory reporting capabilities for cleared interest rate swaps within its StreamCore data management and technology framework, as well as enhancing its Stream Credit Monitor credit management and margin monitoring solution to support new margin methodologies.

Neal Brady, chief executive officer of Eris Exchange, said, "The capability of Eris Exchange’s interest rates swap futures to clear seamlessly through the existing infrastructure of CME Clearing members is a critical component of our service offerings.  Coupled with the time-tested backing of the CME Clearing guarantee fund that has current safeguards exceeding $8 billion, the integrated support from SunGard’s Stream GMI helps set Eris Exchange interest rate swap futures apart from alternative offerings."

Tony Scianna, executive vice president of SunGard's position, risk and operations business, said, “As US-based market participants look for solutions to respond to the regulatory mandate for central clearing of interest rate swaps, they need the ability to process and clear OTC interest rate instruments efficiently and cost effectively to meet the July 2011 regulatory deadline.  Stream GMI’s support for Eris Exchange interest rate swap futures is the latest example of the successful execution of SunGard’s post-trade strategy in providing clearance and settlement support for the new cleared interest rate swap marketplace."

About Eris Exchange
Eris Exchange is a futures exchange that is an Exempt Board of Trade subject to the CFTC’s jurisdiction. Formed by a group of Chicago-based proprietary trading firms to increase access to traditional OTC markets that are migrating to centrally-cleared trading venues as a result of recent US financial regulation, Eris Exchange has traded more than $18 billion in notional value of Eris Interest Rate Swap Futures since the first trades in August 2010. Eris Exchange contracts are cleared by CME Clearing, the nation’s leading clearing house, with whom Eris Exchange has signed a long-term clearing services agreement. For more information, visit www.erisfutures.com.

About SunGard’s Stream GMI
A clearing and accounting system for global exchange-traded derivatives, futures and options, Stream GMI supports the activities of clearing firms, securities firms, brokerage houses, and other participants in derivatives trading, such as multi-national agriculture and energy companies. Stream GMI links to exchanges worldwide for access to pricing updates, margins and risk arrays. Customers use Stream GMI to help eliminate manual processes and consolidate data in a single integrated accounting system, control costs and increase competitiveness.

About SunGard
SunGard is one of the world's leading software and technology services companies.  SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.

Trademark Information: SunGard, the SunGard logo, StreamCore, Stream Credit Monitor and Stream GMI are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.