Cantor Fitzgerald has reported that it has completed the implementation of the SunGard Phase3 multi-asset, multi-currency securities processing software solution in its United Kingdom locations. The company said it is part of their goal to integrate their US and UK operations to their global securities processing.
Tom Anzalone, senior managing director of global operations at Cantor Fitzgerald, said that the rollout will allow Cantor Fitzgerald to better assess their risks and exposure while streamlining their IT process and ensuring global regulatory compliance.
“With the one Phase3 platform managing our operational data and providing a single source of information to our risk systems, we are able to access risk and exposure information faster and without the need for additional IT resources to support multiple points of integration that tend to complicate and delay the process,” he said.
In addition, Cantor uses SunGard’s Stream Report Writer for generating consolidated reports used to gain a holistic view of trades and transactions, fails and exceptions, risk, and general ledger accounting.
