SunGard's Phase3 and Related Broker/Dealer Solutions Achieve SEI's CMMI(R) Level 2 Rating.
In addition to Phase3, SunGard's Margin Advisor real-time cross-asset margin solution, STN Settlements central interface management system, and StreamCore consolidated operational database, as well as all customized solutions, were appraised and confirmed by Comskil, an SEI partner authorized to lead Standard CMMI Appraisal Method for Process Improvement (SCAMPI) appraisals, as successfully achieving CMMI Level 2 requirements.
Galina Knopman, president of Comskil, Inc., said, "SunGard's commitment to continuous improvement was demonstrated in the CMMI Level 2 appraisal. SunGard has developed a solid methodology that its development projects are following to help ensure a quality product."
Achievement of CMMI Level 2 culminates in the successful evaluation of an organization's ability to administer requirements management, project planning, project monitoring and control, supplier agreement management, measurements and analysis, process and product quality assurance, and configuration management.
Gerard Murphy, president of SunGard's Phase3 business unit, said, "Our decision to pursue the CMMI Level 2 rating comes from our commitment to the highest software quality and customer satisfaction, and timely delivery. By achieving this rating, we have a shared vision across the organization to deliver greater value to our customers in a more timely and productive fashion."
SEI is a federally funded research and development center sponsored by the U.S. Department of Defense (DoD) and operated by Carnegie Mellon University. Originally commissioned by the DoD to help them qualify software vendors' capabilities, CMMI is used by organizations worldwide to help them achieve product and process improvements.
About Phase3, Margin Advisor, STN Settlements and StreamCore
A real-time, order-to-settlement system for processing securities transactions, Phase3 supports retail and institutional broker-dealers, ECNs, and correspondent clearing firms. Phase3 helps organizations automate securities processing, helping to reduce the delays and errors associated with manual interventions and helping to efficiently accommodate large trade volumes. It also assists customers in consolidating their records by enabling them to process all securities types on a single platform, using a single database, including equities, fixed income, mutual funds, and annuities.
Margin Advisor is an intraday margining solution that monitors margin activity and position price changes in real-time, helping financial institutions to enhance service to customers and reduce risk. STN Settlements is an automated clearance and settlement service that consolidates and controls multiple messaging interfaces on a single platform, connecting custodians, broker/dealers and banks to custodians, depositories and clearing institutions. StreamCore is an n-tiered On-Line Transaction Processing (OLTP) engine and operational data warehouse that delivers a simpler, faster and more scalable environment that is real-time, continuously available, and designed for high-volume processing.
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Phase3, Margin Advisor, STN Settlements and StreamCore are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.