FOR IMMEDIATE RELEASE

SunGard’s BRASS and AFA to Offer Combined OMS and DMA Solution

Jersey City, NJ, April 25, 2005 – SunGard (NYSE:SDS) today announced an agreement with Advanced Financial Applications (AFA), a leading provider of trading technologies, to link AFA’s IMPACT Pro™ offering with SunGard’s BRASS Broker Direct U2 direct market access platform. 

Under the arrangement, AFA’s IMPACT Pro™ a Web-based integrated order processing system (IOP™) for buy-side clients including hedge funds, will be integrated with BRASS Broker Direct U2 via the Broker Direct U2 FIX API (application programming interface).  The API supports the full range of native and synthesized order types and smart agents provided through Broker Direct U2.  Sell-side firms will be able to offer the sponsored solution to their buy-side clients and to leverage their existing Broker Direct U2 infrastructure to receive order flow.

“This integration is a good example of our efforts to provide brokers with tools to support their electronic client relationships,” said Mark Clark, executive vice president, direct market access for SunGard’s BRASS business unit. “The combined solution provides sponsoring sell-side firms with a single, broker-neutral, low-cost solution for targeting hedge funds.”  

Nilesh Nanavati, president of AFA, commented, “A combined offering of IMPACT Pro™ and Broker Direct U2 will allow us to help BRASS customers grow their respective businesses by helping them to address the needs of their institutional clients in a seamless manner”.

About AFA

Advanced Financial Applications, Inc. is a financial services technology company that provides a suite of Integrated Order Processing (IOP™) solutions to buy- and sell-side institutions. AFA helps hedge funds, asset management firms, broker-dealers and family offices grow their businesses by creating and delivering trading solutions to streamline the trade workflow, thus resulting in lower operating costs.  For more information, visit AFA online at www.afapp.com.

About BRASS

BRASS is an integrated solution suite for institutional, retail and wholesale firms, providing equity trading, market access, FIX order routing, allocation matching, and trade compliance. BRASS includes a trade order management system for Nasdaq, listed, market making and sales trading; the Broker Direct U2 set of direct market access tools; IOIs, for automated indications of interest and advertised trades; Allocations for trade matching; and Management & Compliance for analysis and reporting.  Seventy percent of Nasdaq trade orders flow through BRASS.

About SunGard

SunGard is a global leader in integrated software and processing solutions, primarily for financial services and higher education.  SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.  SunGard serves more than 20,000 customers in more than 50 countries, including the world’s 50 largest financial services companies.  SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion.  Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo and BRASS 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.

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For Further Information:
 

Adriana Senior
Marketing Director
SunGard Trading, Treasury and Risk Management
560 Lexington Ave, NY, NY 10022
Phone: 914-953-5398
Fax: 212-223-0220
adriana.senior@risk.sungard.com
www.risk.sungard.com

Terry Mulry
Mulry Consulting LLC
Phone: 201.891.1853
tmulry@att.net