Norway's DNB Picks SunGard Platforms for Commodity Trade Lifecycle

Systems to help with Dodd-Frank and EMIR compliance.

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Norwegian-bank DNB has chosen SunGard for its commodities trade lifecycle.

DNB, Norway's largest financial services firm, has chosen SunGard to support its commodity trade lifecycle and help comply with Dodd-Frank and the European Market Infrastructure Regulation (Emir).

The Norwegian bank will use SunGard's Aligne Trading and Risk Management and MarketMap Energy data management platform.

"SunGard's energy suite will allow us to increase automation and create efficiencies by integrating directly with our current systems," said Nils-Fredrik Hvatum, head of commodities at DNB, in a statement. "Their 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."

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