SunGard has signed Taiwan's China Development Industrial Bank (CDIB) and Grand Cathay Securities Corporation (GCSC) to its trading and risk management platform, Front Arena.
CDIB and GCSC are both owned by China Development Financial Holding Corporation (CDFH). The two firms will use the platform to support cross-asset sales, trading, risk management and back office operations.
SunGard says Front Arena will provide both companies with an integrated enterprise-wide trading system that includes real-time pricing, trade entry, position and risk management for fixed income, interest rate, credit derivatives, FX, futures, equity and equity derivatives for both OTC and electronically exchange-traded products.
The technology is being delpoyed to consolidate treasury, proprietary trading, brokerage, and sales distribution operations.
Stan Siao, EVP of CDFH and CEO of GSCS, says the group is putting in place an infrastructure to support Taiwanese and Asian expansion plans and Front Arena "can help provide us with an integrated solution from which we can trade multiple products across all asset classes".