SunGard Trading and Risk Systems is to deliver its disparate suite of products on a single integrated platform, providing users with a 'plug and play' approach to customising solutions.
The new framework will bring together functionality from several SunGard products, including the Credient and Panorama packages for risk management and Opus and Infinity for trading, which were initially developed and/or acquired as discrete systems.
Don Wood, chief technology officer of SunGard Trading and Risk Systems, says the new technology strategy uses existing building blocks (modules of code) to create a comprehensible framework for delivering solutions.
"First steps include providing clients with single presentation and security layers, incorporating eXtensible Markup Language (XML) standards and creating common market data objects. We are also delivering a library of common analytics and single trade representation," he says.
Wood says the ability to bring existing products onto a single platform is facilitated by underlying technology, including Intel's architecture and Microsoft's .NET software. Additionally, the use of XML as the technology for defining data enables selected components to interoperate.
The vendor expects the framework, which will take several years to implement, will further its ambitions to deliver outsourced hosted applications, and lay the groundwork for incremental revenue generation across multiple components.
SunGard says the new framework will also deliver lower implementation, upgrade and migration costs as well as improved enterprise-wide risk management for compliance with Basel II regulations.