SUNGARD ADDS DERIVATIVES TO GMI SYSTEM FOR NASDAQ DUBAI

Posted July 7, 2009

DUBAI -- SunGard has extended the capabilities of its GMI system to facilitate processing of equity derivatives traded on Nasdaq Dubai, the Middle East’s international stock exchange. GMI is a clearing and accounting solution for exchange traded derivatives, futures and options.

Nasdaq Dubai is the only United Arab Emirates exchange that trades equity derivatives.

“SunGard’s GMI offers an efficient, fast and cost-effective processing service for our international and regional members,” says Jeff Singer, Chief Executive of NASDAQ Dubai. “GMI’s support will help encourage further growth in our derivatives market, which has expanded substantially since it launched in November 2008.”

SunGard’s GMI helps Nasdaq Dubai customers and exchange members to readily trade and process business on the new exchange. GMI has been customized to support futures, futures options, stock futures, equity options, contracts for differences (CFDs), foreign exchange and dividends listed instruments in the Middle East. It automates trade and process transactions from contract to settlement, providing post-trade processing, margin calculation and quick valuation of derivative transactions for brokers and their clients.

“SunGard’s customers already have the ability to use GMI on more than 100 exchanges globally, and we are pleased to add Nasdaq Dubai as the first exchange with equity derivatives to offer GMI processing in the Middle East,” says Gerry Murphy, President of Brokerage and Clearance Business at SunGard. “GMI provides an intuitive platform that will help customers manage their trading activity on the exchange. GMI remains at the forefront of expanding support of new exchanges around the world, having added 22 over the last two years. SunGard’s Middle East regional headquarters in Dubai International Financial Centre (DIIFC) & Dubai Knowledge Village further expands our regional implementation, support and business development within the region.”