DNB, Norwayâs largest financial services group, has selected SunGardâs Aligne Trading and Risk Management and MarketMap Energy data management platform to support its commodity trade lifecycle in a fully hosted solution. SunGardâs near-real time data will enable the bank to comply with regulation such as Dodd-Frank and the European Market Infrastructure Regulation (EMIR). DNB has a global trading business and needed an end-to-end system which could support users trading a wide range of commodities, such as energy, metals and softs in various locations including the US, Singapore and Europe. âSunGardâs energy suite will allow us to increase automation and create efficiencies by integrating directly with our current systems,â said Nils-Fredrik Hvatum, head of commodities at DNB. âTheir multi-commodity solution suite coupled with its front-to-back market data solutions will provide us with a seamless execution on the full trade life-cycle, a critical function within our operational capabilities.â âSunGard will help DNB increase operational efficiency and improve profitability by helping automate the trade lifecycle, comply with local and global regulations and facilitate key decision making,â â Andrew Bateman, president of SunGardâs energy business About DNB DNB is Norway‘s largest financial services group and one of the largest in the Nordic region in … continue reading
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Source: CTRM Center