6/19/2002 - Sun Microsystems, a leader in systems and solutions that make the Net work, today unveiled eSolutions for STP, a three-tiered approach to help simplify straight-through processing (STP). Pressured by lower margins, fluctuating trade volumes, reduced commissions and the onset of electronic discount brokerages, STP is a key driver in technology innovation, allowing securities and capital markets firms to remain competitive by helping squeeze out waste, time and settlement costs through continuous electronic processing.
Founded on Sun's real-world experience helping companies create an enterprise-wide, seamless operation, the first tier consists of e-solutions delivered by Sun Professional Services' financial services consulting group. The second tier encompasses best-in-class STP solutions for capital markets from Sun's unrivaled iForce[sm] Partner Community. The third tier includes a global network of more than 50 iForce Centers worldwide, providing customers with a real-world environment to leverage Sun and its partners' expertise to build proof of concept demonstrations and prototype solutions that re-use and build-on their current IT investments, rather than tear-down and start over.
"As the primary supplier of UNIX server-based technology to Wall Street, Sun is in a great position to help the Street increase efficiency," said Larry Tabb, vice president, securities and investments research practice, TowerGroup. "Focusing its core technology and technical consulting services, and teaming with an extensive set of partners to enhance the processing infrastructure of the securities industry is a 'win-win-win' for the industry, for Sun and for Sun's partners."
eSolutions from Sun Professional Services
Sun Professional Services and the iForce Community for capital markets together offer comprehensive, proven solutions that address critical, real-world milestones faced by financial industry firms in driving toward STP, including:
"Sun Professional Services' years of experience in the financial services industry and rigorous architectural methodology have allowed us to focus our STP solution on the most critical challenges our customers are facing," stated Ed Schwarz, director of global eSolutions for Sun. "We know how to incorporate the technical design elements into the overall solution that will help resolve those challenges. That's how we've become a trusted advisor to financial services firms."
Partnering with Leading Innovators
Fundamental to Sun's success in the financial industry is its close cooperation with its iForce partner community, encompassing independent software vendors (ISVs), system integrators and service providers. Some of the technology innovators Sun is currently working with to deliver STP solutions include: ADP Wilco, Access, Aleri, Asset Control, B2B ITS, Connextive, CSC, Deloitte Consulting, Divine, Dovetail, Eagle Investment Systems, Financial Fusion, FiTech Labs, Iris Financial, Marketpipe, Mercator, Misys, Morse/Tarantella, Pacemetrics, Radianz, Random Walk, Reuters, SeeBeyond, Slamdunk, Spiritsoft, SunGard, Swift, Tamesis, Tata CS, Tibco, Vitria and Wall Street Systems.
This world class, open, standards-based approach, combined with Sun's years of best-practice financial industry implementations, helps companies lower costs of transactions, settle trades faster and efficiently, reduce market risk, comply with open standards and better meet changing business needs through flexible, "intelligent" order routing.
Sun's iForce Ready Centers -- A Unique Opportunity
A unique offering to Sun customers is the availability worldwide of Sun iForceSM Ready Centers and Authorized iForce Ready Centers. iForce Centers provide a real-world business environment in which to build and test prototype solutions prior to implementation. Pre-testing a solution helps take the risk out of implementation and enables customers to more quickly realize a return on their investment. During the annual Securities Industry Association Technology Management Show, June 19-21, 2002, in New York, Sun assembled an existing iForce prototype, an end-to-end automated trading and post-trade processing infrastructure, for display during the show.
"All of the constituent solutions are architected for an STP environment in which electronically executed trades are immediately swept into a real-time, network-based, post-trade processing environment," said Michael Trapani, business development executive, Random Walk. "Not only does this attack the unacceptable cost structure most firms face today, but it also allows for the results of trades to be immediately reflected in key tools such as position and risk management."
STP became a priority for financial services organizations in recent years, partly due to government pressures to improve trade settlement cycles from T+3 to T+1. Sun's global partner community, and their respective technologies, solutions and services, are helping organizations prioritize improvements across the front, middle and back office to lay the foundation for end-to-end connectivity to reach the ultimate result, TRN ; real-time. More information can be found by visiting http://www.sun.com/finance, or by sending an email to email@example.com.
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer[tm]" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 170 countries and on the World Wide Web at http://sun.com
Sun, Sun Microsystems, the Sun logo, iForce, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and in other countries. UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company, Ltd.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: