SunGard unveils clearing utility as FCM exit fears grow

Barclays is first client for service that promises 20% savings for FCMs

Barclays
Barclays: first client for clearing utility

Amid growing concerns about the sustainability of the derivatives clearing business, Barclays is set to become the first customer of a new outsourcing service from SunGard, which the technology firm claims could cut its users' back-office and IT costs by around a fifth.

"We believe the utility can save firms upwards of 20% of the total cost of running their derivatives clearing operation – maybe as much as 25%," says Brian Traquair, executive vice-president at SunGard Financial Systems. "Futures

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: