May 04, 2010

SunGard has launched Cliq, a web-based service aimed at connecting buy-side and sell-side firms involved in post-trade processing of listed derivatives.

SunGard said the new service will help buy-side and sell-side firms automate their flow of transactions and ultimately improve risk management.

“Global, post-trade derivatives processing continues to be manual, inefficient and costly,” Gerry Murphy, president of SunGard’s brokerage and clearance business, said in a statement. “Cliq’s automation of listed derivatives processing will help buy-side firms achieve greater control of their activities and help sell-side firms streamline their operational processes.”

ABOUT THE AUTHOR
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced ...