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The vendor has hired an industry veteran from Goldman Sachs to lead the effort, which has gotten the support of Barclays.
Financial technology and services giant SunGard has launched its Post-Trade Derivatives Utility with Barclays as its anchor customer and is targeting futures commission merchants (FCMs) that need alternative services support, officials say. SunGard’s utility offers support for derivatives clearing operations and technology services for trade clearing, trade lifecycle management, margin processing, brokerage, reconciliation, data management...
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