SunGard has launched a web-based service Cliq to provide standardized electronic communication and collaboration between buy- and sell-side financial institutions involved in global, post-trade processing of listed derivatives.
Cliq provides a single point of entry for a variety of activities, including account set-up and allocations to help buy-and sell-side firms track, prioritize and manage operations across listed derivatives, futures and options globally.
Cliq business process management and business activity monitoring capabilities help firms automate transaction flow and manage workloads according to a firm’s priorities, facilitating improved risk management. Cliq automates transactions between participants, highlights exceptions, and expedites post-trade processing instructions.
Gerry Murphy, president of brokerage and clearance business at SunGard, said: “Global, post-trade derivatives processing continues to be manual, inefficient and costly. With Cliq, SunGard is building on its experience in the derivatives industry and in automating the transaction lifecycle. Cliq’s automation of listed derivatives processing will help buy-side firms achieve greater control of their activities, and help sell-side firms streamline their operational processes.”