SunGard eTX Connects With ICAP's ETC Platform for Trade Execution and Straight-Through Processing

Business Wire, Sept 4, 2001

Business Editors & High-Tech Industry Writers

CALABASAS, Calif.--(BUSINESS WIRE)--Sept. 4, 2001

SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), today announced a partnership with ICAP Electronic Broking, a division of ICAP plc., to utilize the ETC(TM) Trading platform, together with eTreasury eXchange's straight-through processing for trading credit market instruments.

Last year, ICAP launched the Electronic Trading Community platform (ETC(TM)) that allows traders at major banks and investment houses to transact deals via a private extranet or the Internet.

ETC(TM) is a Java(TM) based application that provides real-time electronic access to the same liquidity pools as the voice-brokered market. Combining ETC(TM) with SunGard's eTX will enable SunGard clients to react to real-time trading opportunities.

Steve McDermott, chief executive of electronic trading at Garban-Intercapital, said: "ETC(TM) was our first phase of a focused e-commerce strategy to produce an interactive network providing fast, cost-effective electronic broking and straight-through processing. By joining with eTX, we can offer a suite of services unique to the industry."

SunGard eTX provides secure, real-time treasury functionality as a service of the SunGard Transaction Network (STN). It provides seamless integration between SunGard's treasury management applications (Quantum, GTM, ICMS/TS and ResourceIQ) and the financial community for cash management services and execution services (trading, borrowing and investment). SunGard Treasury Systems is a global provider of leading treasury management solutions. The eTreasury eXchange initiative, which was unveiled in November 2000, links SunGard Treasury's extensive international customer base to their financial services providers for cash management and banking services as well as transaction services in a range of financial products.

"Our technology and expertise, combined with Garban-Intercapital's access to liquidity, will add significant value for our treasury system clients," said Gary Bishop, president, SunGard Treasury Systems. "eTX will enable Garban's client banks to increase trading volumes and service opportunities with SunGard Treasury Systems' clients via straight-through processing," Bishop said.

About ICAP plc

ICAP provides a specialist intermediary broking service to commercial banks, investment banks and other "liquidity providers" in the wholesale financial markets. As an integrated and increasingly technology based business ICAP is the largest operator of "liquidity pools" in these markets.

ICAP plc is listed on the London Stock Exchange (LSE:ICA.L) and joined the FTSE 250 Index in March 2001. ICAP plc posted a profit of (pound)75.6 million for the 12 months ended March 31, 2001. You can learn more by visiting www.icap.com.

About Garban-Intercapital

As ICAP's broking division, Garban-Intercapital is the world's largest interdealer broker in the Over the Counter (OTC) financial markets, with daily volumes in excess of $250 billion. These markets include interest rate derivatives, fixed income securities, money markets, futures, commodities and equity derivatives.

Garban-Intercapital has a strong presence in each of the three major financial markets, namely London, New York, and Tokyo, together with a local presence in 18 other financial centers. Many of the world's largest financial institutions use this extensive network to get access to liquidity in a wide range of financial products.

In addition, Garban-Intercapital has a significant presence in a broad range of emerging market products.

About SunGard Treasury Systems

SunGard Treasury Systems is the world's leading supplier of comprehensive treasury and risk management solutions. The company's solutions offer sophisticated Internet/intranet-based currency, commodity, instrument trading and risk management, while also integrating robust cash management and accounting functionality (including FAS 133 compliance) within a single environment.

The company's solutions provide a secure, real-time link between clients/subscribers and financial institutions and other treasury service providers offering the straight-through processing of treasury transactions and information via Internet messaging.

More than 1,200 clients worldwide, including over half of the Fortune 100, are using an installed SunGard Treasury system and hundreds more utilize SunGard's ASP offerings.

About SunGard

SunGard (NYSE:SDS) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity.

With annual revenues in excess of $1 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the World's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard and the SunGard logo 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.