Source: Orimos
Société Générale Sydney has gone live with SONARIS/Bonds, the high-performance bond pricing engine from ORIMOS, a leading provider of front-office technology.
Société Générale traders benefit from the comprehensive functionality offered by SONARIS, ranging from pricing and real-time risk to market alerts and history charts for prices, yields and spreads.
Jan Matti Lange, head of ORIMOS' SONARIS/Bonds division, comments: "The fact that yet another bank has decided to roll out SONARIS/Bonds in Australia underlines the low operational maintenance required for our product. Société Générale will benefit from low total cost of ownership and high system availability which, has shown to be consistently higher than 99.99% over several years, making SONARIS a truly 'unbreakable' system."
Following Société Générale and other clients' requests, ORIMOS is currently extending SONARIS product coverage to Asset-Backed and Mortgage-Backed Securities, including Australian RMBS. These will be available in Q1/2008, along with support for Sinking-Fund bonds.