DekaBank fully compliant...after a seven-year wait
The Frankfurt-based firm, with roughly €190 billion under management, had been using SunGard's Asset Arena product for portfolio management and trading, formerly known as Decalog, for the past six years. When DekaBank first signed a contract with SunGard in 2001, it included the provision of a compliance product which was still in development.
Last year SunGard deployed the product for plain vanilla instruments - accounting for roughly 60% of DekaBank's funds. In March this year, in line with a
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