CM Capital Markets selects SunGard to help automate SWIFT messaging, trade processing

Issued by SunGard
London, 16 Jan 2006

SunGard today announced that CM Capital Markets Group, a financial group based in Spain, has selected SunGard's STeP transaction management solution (http://www.sungard.com/step) to help automate its SWIFT messaging and reconcile its securities positions with its in-house records.

As a growing financial group, CM Capital Markets required a robust transaction management solution that could scale with its growing business. It chose SunGard's STeP to help automate its order, confirmation and settlements processing to help improve efficiency and reduce errors.

CM Capital Markets uses multiple networks for transaction processing, including SWIFT and FIX.

SunGard's STeP solution provides CM Capital Markets with seamless connectivity across its networks. STeP MINT has automated SWIFT message processing by connecting several host applications to SWIFT and facilitating the processing of SWIFT payments and order confirmations. SunGard's STeP intelliMATCH solution is integrated with MINT to automatically match orders to confirmations and trade status. Automated matching and reconciliation processes and early identification of exceptions have helped to eliminate the organisation's manual processes and have helped it to comply with government regulations.

Antonio D'iaz-Villarejo, director at CM Capital Markets, commented: "We decided to implement a SunGard solution because it could automate all of the processes that would otherwise require multiple systems to automate. The automation we will achieve through SunGard's SteP messaging and matching and reconciliation solution suite will help improve our STP rates and eliminate manual processing - which in turn will help significantly to reduce our operational costs and risks."

Tom King, president of SunGard's STeP business unit, said: "CM Capital Market's selection of an integrated SunGard solution underlines our ability to provide end-to-end transaction processing and thus help reduce the associated operational risks. STeP's ability to grow alongside CM Capital Markets' business includes potential projects such as corporate actions, SWIFTNet Funds, and FIX messaging processing."

CM Capital Markets

CM Capital Markets Group provides a wide range of financial products and services, including any or all of execution, back-office, confirmation, settlement, and/or custody services for financial institutions.

The Group includes the following companies:

CM Capital Markets Brokerage, A.V. S.A., leader broker in Spanish money markets; CM Capital Markets Bolsa, Sociedad de Valores, S.A., company dedicated to investment funds distribution through its own electronic funds platform, hedge funds advisory, asset management, equity, energy and corporate debt intermediation, and is regulated by NFA and Spanish financial authorities; CM Capital Markets Brazil C.C.T.V.M., company leader in traded volume at Brazilian Futures Markets BM&F, Brazilian government bonds and commodities and is regulated by Brazilian financial authorities.

SunGard STeP

SunGard STeP provides a suite of business solutions that helps deliver straight-through enterprise processing (STeP) to banks, investment managers, broker dealers and corporations.

STeP connects customers' internal applications and business processes with external services and networks while managing the operations around their business processes. STeP solutions include MINT for SWIFTNet and financial messaging integration; intelliSUITE for reconciliation, exception processing, transaction research and liquidity management; and Trade Management for post trade automation. Twenty-one of the world's 25 largest financial services companies use STeP for their messaging or exceptions management. Visit www.sungard.com/step.

SunGard

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.

SunGard serves more than 25 000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

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