SunGard has launched Cliq, a web-based service aimed at connecting buy-side and sell-side firms involved in post-trade processing of listed derivatives.
SunGard said the new service will help buy-side and sell-side firms automate their flow of transactions and ultimately improve risk management.
“Global, post-trade derivatives processing continues to be manual, inefficient and costly,” Gerry Murphy, president of SunGard’s brokerage and clearance business, said in a statement. “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.”
