At the Securities Industry Association`s Technology Management Conference in New York this week, SunGard, Intel and Microsoft announced a joint collaboration on 64-bit eProcessing solutions for the financial industry, designed for the 64-bit version of Windows and an Itanium processor.
The companies also announced the availability of the first 64-bit eProcessing solution - SunGard`s Panorama, an enterprise solution for integrated trading and risk management. Based on IA-64, it is touted to deliver the fastest risk-management performance to date for the management of large financial portfolios.
In addition, SunGard, Microsoft and Intel are working to optimise a number of other SunGard solutions to run on IA-64 -based systems. These applications are designed to address industry trends such as more rapid trade settlement, the move to decimal-based trading, increasing market volumes and 24-hour, seven-day-per-week trading.
"Thousands of financial services institutions have implemented our best-of-breed applications," said Jim Ashton, CEO of SunGard Trading and Risk Systems.
"With our focus on integrating these applications to provide Internet-enabled eProcessing solutions, SunGard is ready to take advantage of the high performance and scalability of 64-bit Windows running on Intel Itanium processor-based systems. For applications such as Panorama, the combination of 64-bit Windows and the Itanium processor provides a truly compelling next-generation platform."
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