SunGard Announces Latest Release of Fame to Help Firms Analyze Intraday Risk and Opportunity
SunGard has released a new version of its Fame data management solution to provide financial institutions and public sector organizations with the ability to analyze and back-test tick-level pricing data, intraday. Fame 10 provides traders, economists, statisticians, researchers, valuation experts and application developers with the ability to analyze time-oriented data and statistics to help gain insights into risk and trading opportunities.
New York, NY (Vocus/PRWEB ) June 2, 2009 -- SunGard has released a new version of its Fame data management solution to provide financial institutions and public sector organizations with the ability to analyze and back-test tick-level pricing data, intraday. Fame 10 provides traders, economists, statisticians, researchers, valuation experts and application developers with the ability to analyze time-oriented data and statistics to help gain insights into risk and trading opportunities.
Firms must cope with increasing amounts of data to help them mitigate risk and identify trading patterns and opportunities. With the growth of algorithmic trading and shorter time horizons for processing data, firms are more compelled to test trading strategies in an intraday environment to help them capture opportunities and extend current trading strategies beyond end of day. SunGard's Fame 10 provides new millisecond and pattern frequencies, combining tick data with historical data, to help firms analyze and predict trends based on prior patterns of events. In addition, Fame's tick-level data can be used for creating valuation models for trading strategies and capturing upside movements throughout the day, and providing user-defined weekly pattern frequencies appropriate to a firm's particular data set.
Gerry Murphy, president of SunGard's brokerage and clearance business, said, "Firms typically use Fame to create valuation models over time using historical and end-of-day content. With Fame 10, tick-level data is added to help firms understand market trends and patterns in order to properly analyze companies and sectors, and position themselves more effectively for new opportunities."
Fame 10 also complements firms' low latency strategies by providing the ability to create models that allow for back-testing, simulation and refinement of trading scenarios, as well as interfacing with real-time trading and feeding risk applications with intraday content.
About SunGard's Fame
An integrated, front-to-back market data and historical database solution for storing and managing real-time and high-volume time series data, Fame provides real-time content and an enhanced user interface to meet the growing requirements of a variety of financial institutions, intermediaries or application software vendors, third party aggregators and individual investors. These organizations rely on Fame for complete data and desktop tools every day to analyze investment results and opportunities and distribute real-time intra-day content via their Web sites, as well as trading, portfolio management and other software applications.
About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
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 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and Fame 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.
For more information, contact:
Adriana Senior
SunGard
+1 718-578-1130
adriana.senior(at)sungard.com
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