SunGard Investment Management Systems, an operating group of SunGard, today announced that The Nikko Securities Co. International Inc. has selected SunGard`s Decalog to support its alternative investment management operations.
SunGard Investment Management Systems is a leading international provider of investment management software solutions for the front-, middle- and back-office activities of global asset management firms. Decalog provides decision support and assists trading departments to streamline workflow and achieve straight-through processing.
The Nikko Securities Co. International, Inc., a registered investment adviser and broker-dealer based in New York City (Nikko), decided to acquire the Decalog solution to support its alternative investments department. Nikko determined that Decalog`s portfolio management capabilities were mission critical to its business.
The Decalog portfolio management solution supports a newly created alternative investment strategic group at Nikko called `Global Dynamic Asset Allocation` (GDDA) that manages Luxembourg and Japanese based funds. It is hoped that Decalog will help enhance return on these funds by providing global trading as well as information on the portfolios` positions. Assets worth approximately $400 million are being processed by GDDA on Decalog.
Michael Lewis, vice president and head of research for the GDAA Group at Nikko said, "We have had a smooth transition to an updated version of Decalog and as result have been able to focus our attention on the markets. The system has been integrated into internal processes and also facilitates transferring data to outside parties".
Harold Finders, managing director of SunGard Investment Management Systems, said, "The contract with Nikko confirms SunGard`s leadership in supporting straight-through processing in global markets. The Decalog solution is a strategic part of the overall offering of SunGard to streamline and automate the investment management process and offer cross-border trading automation."
About The Nikko Securities Co. International, Inc. The Nikko Securities Co. International is an SEC registered investment adviser whose ultimate parent is Nikko Cordial Securities Inc., a major global securities firm headquartered in Tokyo, Japan which provides investment banking, trading and retail unit services worldwide.
About SunGard Investment Management Systems SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management market for trading, portfolio management, compliance, investment accounting, private banking, performance measurement and attribution applications. These products support comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard Investment Management Systems` solutions support the complex needs of many of the largest financial service firms in the world representing in aggregate over $8 trillion in assets processed daily by these solutions. Visit www.investment.sungard.com
About SunGard
SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world`s 50 largest financial services institutions. Visit SunGard at <www.sungard.com>
Trademark Information: SunGard, the SunGard logo and Decalog are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
For any additional information regarding this article or the Decalog investment management solution contact ettie.takacs@ensemble.co.za.
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