SunGard's Phase3 and Related Broker/Dealer Solutions Achieve SEI's CMMI(R) Level 2 Rating.BURLINGTON, Mass. -- SunGard (http://www.sungard.com) announced today that it has achieved the SEI CMMI See CMM. ([R]) (Software Engineering Institute's Capability Maturity Model Integration) Level 2 Rating for its Phase3 real-time, multi-asset and multi-currency securities processing solution (http://www.sungard.com/phase3) and related broker/dealer systems. An integrated, enterprise quality model used to enhance an organization's ability to manage project activities toward success, the CMMI appraisal rating recognizes SunGard as a quality provider of systems engineering, software development and IT services.
In addition to Phase3, SunGard's Margin Advisor real-time cross-asset margin solution, STN (SuperTwisted Nematic) A passive matrix LCD technology that provides better contrast than twisted nematic (TN) by twisting the molecules from 180 to 270 degrees. See DSTN. 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 The Standard CMMI Appraisal Method for Process Improvement (SCAMPI) is the official SEI method to provide benchmark-quality ratings relative to CMMI models. (SCAMPI scampi
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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 The administration and control of the information needs of users. In order to achieve business objectives within an organization via information systems, user requirements must be defined in a consistent manner, prioritized and monitored. , project planning project planning - project management , project monitoring and control, supplier agreement management, measurements and analysis, process and product quality assurance, and configuration management.
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SEI is a federally funded research and development center Federally Funded Research and Development Centers (FFRDCs) conduct research for the United States Government. They are administered in accordance with U.S Code of Federal Regulations, Title 48, Part 35, Section 35.017 by universities and corporations. sponsored by the U.S. Department of Defense (DoD) and operated by Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . 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 (database) On-Line Transaction Processing - (OLTP) The processing of transactions by computers in real time. (OLTP (OnLine Transaction Processing) See transaction processing and OLCP.
OLTP - On-Line Transaction Processing ) 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 The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. , 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.