SUNGARD WINS APPROVAL FROM UK REGULATOR FOR TRANSACTION NETWORK

Posted March 25, 2008

WAYNE, Pa. and LONDON – After winning approval from the Financial Services Authority, SunGard has made its SunGard Transaction Network (STN) trading and connectivity solutions available to corporate treasurers and asset managers in the UK.

“Globalization is becoming a key component to the strategies of many financial services firms,” says Bob Ward, Chief Operating Officer of SunGard’s wealth management business. “Both in the US and internationally, STN solutions help institutional investors better manage trade execution and processing requirements, while helping to increase productivity, reduce processing costs and minimize operational risk.”

The authorization allows STN to exercise passporting rights to trade and conduct brokerage business in 30 European countries, therefore bringing integration, automation and connectivity to international trades. Supporting STN’s expansion in Europe is a complete regional data center and recovery infrastructure, and professionals located in the UK to manage and support STN’s growing list of trading destinations.