DNB SELECTS SUNGARD TO SUPPORT THE COMPLETE TRADE LIFECYCLE FOR COMMODITIES
DNB, Norway’s largest financial services group, has selected SunGard’s AligneTrading and Risk Management and MarketMap Energy data management platform to support its commodity trade lifecycle in a fully hosted solution.
SunGard’s near-real time data will enable the bank to comply with regulation such as Dodd-Frank and the European Market Infrastructure Regulation (EMIR).
DNB has a global trading business and needed an end-to-end system which could support users trading a wide range of commodities, such as energy, metals and softs in various locations including the US, Singapore and Europe.
“SunGard’s energy suite will allow us to increase automation and create efficiencies by integrating directly with our current systems,”said Nils-Fredrik Hvatum, head of commodities at DNB.“Their multi-commodity solution suite coupled with its front-to-back market data solutions will provide us with a seamless execution on the full trade life-cycle, a critical function within our operational capabilities.”
“SunGard will help DNB increase operational efficiency and improve profitability by helping automate the trade lifecycle, comply with local and global regulations and facilitate key decision making,” – Andrew Bateman, president of SunGard’s energy business