SunGard buys out Derivatech

Front Arena is a multi-asset class platform that is strong in fixed income and interest rate derivatives but lacks coverage for complex exotic options, he said. Its FX options coverage focused on high-volume vanilla and exotic options, while Derivatech’s dt Compass can handle more technical exotic structures.

"This purchase will help us to provide a leading-edge cross-asset class cash and derivatives trading platform," said Butcher.

A small number of Derivatech staff have been made redundant w