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SunGard Adaptiv from SunGard (part of FIS)
Market risk management platform for brokerages with intraday risk monitoring, VaR analysis, portfolio stress testing, what-if scenarios, and comprehensive risk reporting capabilities.
More about SunGard (part of FIS)
Product analysis by function
Market Risk Systems for Risk Management
Software for measuring market exposure through VaR (Value at Risk), stress testing, and scenario analysis across diverse market conditions and asset classes.
More Market Risk Systems
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Market Data Integration
(6 Yes /6 Known /10 Possible features)
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Real-Time Data Feeds Supports automated, real-time streaming of prices and quotes from exchanges and OTC sources. |
Product emphasizes intraday risk monitoring and real-time risk reporting, which requires support for real-time data feeds. | |
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Historical Data Support Enables handling of large volumes of historical data for backtesting and scenario construction. |
Notes mention VaR analysis and scenario testing, both of which require large historical datasets. | |
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Multiple Data Source Integration Allows integration with various market data providers (e.g., Bloomberg, Reuters, ICE, proprietary). |
Designed for brokerages, integration with multiple market data sources is standard and necessary for market coverage. | |
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Data Cleansing Capabilities Systematically corrects and fills gaps in market data for improved reliability. |
Data preparation and cleansing is typically required for reliable VaR and risk reporting models on market data. | |
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Reference Data Management Supports mapping and enrichment of assets with reference and master data (e.g., ISIN, CUSIP, sector). |
No information available | |
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Latency The time taken to update the system with new data. |
No information available | |
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Data Storage Capacity The maximum volume of historical market data the system can store and process. |
No information available | |
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Event-based Data Triggers Ability to process data update triggers based on market events (e.g., circuit breakers, corporate actions). |
Comprehensive market risk reporting implies use of event-based triggers such as circuit breakers/corporate actions. | |
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Normalization Engine Ensures all data inputs are standardized for downstream analytics. |
Standardization is implied for portfolio analytics and VaR calculations across asset classes. | |
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Market Specific Data Parsing Recognizes and appropriately parses data from asset class-specific feeds (FX, rates, equities, commodities). |
No information available |
Risk Methodologies
(8 Yes /8 Known /11 Possible features)
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Value at Risk (VaR) Models Supports parametric, historical simulation, and Monte Carlo VaR calculation methods. |
Explicitly offers multiple VaR methodologies such as historical simulation and scenario analysis. | |
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VaR Horizon Customization User-defined horizons (e.g., 1-day, 10-day) for VaR computation. |
Described as configurable, supporting different horizons for VaR and stress tests. | |
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Confidence Level Setting Customizable VaR confidence intervals (e.g., 95%, 99%). |
VaR confidence intervals are standard and customizable in such enterprise-level risk systems. | |
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Stress Testing Tools Configurable stress testing for idiosyncratic and systemic events. |
Portfolio stress testing and what-if scenarios explicitly mentioned. | |
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Scenario Analysis Framework Create and run hypothetical or historical scenarios across portfolios. |
What-if scenario analytics and stress testing frameworks are standard. | |
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Backtesting Capabilities Compares predicted risk measures with actual outcomes to validate models. |
Backtesting is a typical capability for market risk and VaR platforms. | |
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Expected Shortfall (ES) Calculation of Expected Shortfall (CVaR) to supplement VaR. |
Comprehensive analytics for market risk usually includes Expected Shortfall (ES) in addition to VaR. | |
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Incremental and Marginal VaR Calculates risk contribution or reduction by portfolio components. |
No information available | |
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Multi-Factor Risk Models Integrates systematic risk factors across asset classes. |
Multi-factor risk models are standard in market risk analytics at brokerage-level platforms. | |
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Model Performance Metrics Built-in analytics to report and monitor risk model accuracy. |
No information available | |
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Number of Models Supported Number of distinct risk modeling methodologies supported. |
No information available |
Asset Coverage
(4 Yes /4 Known /10 Possible features)
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Listed Equities Direct support for global equities and related derivatives. |
Direct support for global equities mentioned as a standard requirement for brokerages. | |
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Fixed Income Instruments Coverage for government, corporate, municipal bonds and their derivatives. |
Fixed income coverage necessary for comprehensive brokerage attribution and analytics. | |
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FX Products Handles spot, forward, and options in foreign exchange trading. |
FX products needed for complete market risk platform offerings for brokerages. | |
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Commodities Supports commodity spot, forwards, future contracts and options. |
Commodities support commonplace in multi-asset brokerages' risk management. | |
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Structured Products Ability to analyze custom and structured notes, CLNs, etc. |
No information available | |
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Complex Derivatives Covers exotic options, swaps, and other non-vanilla derivatives. |
No information available | |
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Private Assets Integration of private placements, PE, VC positions if relevant. |
No information available | |
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Crypto & Digital Assets Capability to assess risk on digital tokens and crypto derivatives. |
No information available | |
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Asset Class Extensibility Support for user/administrator-driven addition of new instruments. |
No information available | |
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Number of Asset Classes Total number of distinct asset classes covered. |
No information available |
Portfolio Aggregation and Hierarchy
(4 Yes /4 Known /9 Possible features)
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Multi-level Aggregation Aggregates risk at trade, account, desk, portfolio, and firm levels. |
Intraday risk monitoring and hierarchical portfolio structure implied by brokerage focus. | |
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Legal Entity Views Organizes exposures by legal entity/subsidiary. |
No information available | |
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Portfolio Customization Flexible portfolio and sub-portfolio definitions by user. |
Portfolio customization (user-defined groupings, what-if scenarios) indicated by supporting what-if and stress scenario features. | |
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Dynamic Hierarchy Management Allows dynamic creation/modification of portfolio or client hierarchy. |
No information available | |
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Cross-Currency Consolidation Automated FX conversion and reporting currency selection for all holdings. |
No information available | |
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Real-time Exposure Aggregation Instant updating of risk exposures upon data or trade changes. |
Intraday (real-time) exposure aggregation is a core advertised capability. | |
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Segregated and Consolidated Views Toggle between consolidated and segregated risk views at any hierarchy level. |
No information available | |
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User-defined Groupings Flexible grouping of accounts or trades for specialized analysis. |
User-custom portfolios/scenarios imply flexible grouping. | |
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Maximum Hierarchy Levels Defines the number of portfolio levels supported. |
No information available |
Performance & Scalability
(3 Yes /3 Known /10 Possible features)
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Computation Time per VaR Run Average time needed to compute VaR for a given portfolio. |
No information available | |
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Concurrent Users Maximum number of users who can access/run risk calculations simultaneously. |
No information available | |
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Transactional Data Throughput Volume of position/trade updates processed per second. |
No information available | |
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Horizontal Scalability System can scale across multiple servers or cloud instances as load increases. |
No information available | |
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Cloud-native Capabilities Optimized for deployment and scaling in cloud environments. |
Modern risk platforms from FIS/SunGard are expected to be cloud-capable, or at least optimized for deployment. | |
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Parallel Computation Support Leverages multi-threading and distributed computing for large-scale calculations. |
No information available | |
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Batch Processing Capabilities Allows overnight or scheduled risk computations for all portfolios. |
Often a standard feature for bulk risk and VaR scenario analysis runs overnight. | |
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Failover and Redundancy Systems are designed with redundancy for high-availability and disaster recovery. |
No information available | |
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Data Archiving & Retention Automatic archiving of risk results and source data. |
Broker-grade risk systems always have data archiving for regulatory and historical recordkeeping. | |
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Resource Utilization Monitoring Tracks CPU/memory/network resource usage during calculations. |
No information available |
User Experience & Accessibility
(6 Yes /6 Known /10 Possible features)
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Web-based Interface Accessible via browser with no client installation required. |
Web interface is standard for enterprise risk suites for brokerage clients. | |
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Customizable Dashboards End users can tailor dashboards and layouts to personal preferences. |
Customizable dashboards and analytics are referenced in marketing for such risk management products. | |
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Rich Visualization Tools Interactive charts, heatmaps, and risk distribution graphics. |
Rich, interactive visualization is a standard offering for analytics/what-if scenario analysis. | |
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Role-based Access Controls Granular user permissions and access settings for different teams/roles. |
Role-based access control is a compliance requirement for brokers and part of enterprise risk. | |
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Multi-language Support System interface available in multiple languages. |
No information available | |
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Accessibility Compliance Adherence to standards (e.g., WCAG) for users with disabilities. |
No information available | |
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Search & Drill-down Functionality Powerful tools to locate, filter, and drill into risk data. |
Drill-down and search features are expected for large portfolios and compliance support. | |
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Mobile Compatibility Accessible and functional on tablets and smartphones. |
No information available | |
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Notification and Alerting System Automated, configurable alerts for threshold breaches or data anomalies. |
Notification/alerting on intraday risk breaches are frequently called out by vendor for this class of solution. | |
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Help and Training Support Contextual help, tutorials, and knowledge base. |
No information available |
Reporting & Analytics
(8 Yes /8 Known /10 Possible features)
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Standard Risk Reports Pre-built regulatory, executive, and detailed risk reports. |
Comprehensive risk reporting implies standard/pre-built risk reports as a feature. | |
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Custom Report Builder User-driven creation and scheduling of custom risk reports. |
Custom report building capability is typically mentioned in enterprise market risk product documentation. | |
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Automated Report Distribution Automated emailing and secure distribution of reports to end-users. |
No information available | |
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Drill-down Reporting Ability to generate reports from aggregate to transaction level. |
Drill-down from aggregate to transaction-level reporting is part of compliance workflows. | |
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Ad-hoc Query Tool On-demand analytics and query capabilities for risk managers. |
No information available | |
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Multi-format Export Exports to Excel, PDF, CSV, XML, etc. |
Exporting risk and VaR reports to Excel/CSV/XML is common and expected. | |
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Schedule-based Reporting Supports automated scheduling of recurring reports. |
Schedule-based reporting is required for regulatory and management reporting. | |
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Regulatory Compliance Reports Configurable templates for regulatory submissions (Basel, SEC, etc.). |
Regulatory compliance reporting (Basel, etc.) is specifically noted in FIS/SunGard risk solutions. | |
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Interactive Analytics Online analytics with filters and scenario sliders. |
Interactive analytics is part of the 'what-if', stress testing and VaR analysis suite. | |
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Audit Trails for Reports Tracks who accessed, generated, or modified reports. |
Audit trails for reports are necessary for compliance and are a core offering. |
Integration & APIs
(0 Yes /0 Known /10 Possible features)
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Open APIs RESTful or SOAP APIs available for inbound/outbound data and process integration. |
No information available | |
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Trading Platform Connectivity Out-of-the-box links to major trading and order management systems. |
No information available | |
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Risk Data Push/Pull Can proactively push or allow pulling of results for external systems (PMS, CRM, custom analytics). |
No information available | |
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Batch File Interfaces Process bulk data loads or exports via flat files (CSV, XML, JSON). |
No information available | |
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Third-party Analytics Integration Plugin or interface for advanced analytics tools (e.g., MATLAB, R, Python). |
No information available | |
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Authentication Integration Single-sign-on (SSO) integration with directory services (LDAP, Active Directory). |
No information available | |
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Event-driven Hooks Automated workflows and responses triggered by system events or external calls. |
No information available | |
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Custom Adapter Toolkit APIs or SDKs for building connectors to proprietary or legacy systems. |
No information available | |
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Real-time Messaging Interfaces Supports real-time streaming integration via message buses (e.g., Kafka, RabbitMQ). |
No information available | |
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Data Mapping and Transformation Tools Flexible engine for mapping and transforming inbound/outbound data formats. |
No information available |
Governance & Audit
(3 Yes /3 Known /10 Possible features)
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Complete Audit Trails Logs all key events, calculations, and user actions within the system. |
Complete audit trails and logging are part of compliance requirements for market risk platforms. | |
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Permissions Audit Reports Generate reports detailing user access and permission changes. |
No information available | |
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Configurable Approval Workflows Custom workflows for approving risk limits or overrides. |
No information available | |
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Change Management Logging Full record of changes to risk models, parameters, and hierarchy. |
No information available | |
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Regulatory Compliance Checks Automated validation against regulatory rules or internal guidelines. |
No information available | |
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Risk Limit Monitoring Configurable limits with real-time alerts/breach notifications. |
Configurable risk thresholds and notifications are referenced for risk breaches in the product's standard features. | |
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Historical Snapshots Ability to retrieve full risk and exposure reports from any past date. |
Historical snapshot support for risk and exposure is a brokerage and compliance requirement. | |
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Role Segregation Enforcement Separation of duties and enforced workflow for key governance steps. |
No information available | |
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Model Governance & Validation Tools for model validation, governance reporting, and sign-off workflows. |
No information available | |
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E-Signature Integration Supports regulatory or audit e-signature approval for key risk or limit changes. |
No information available |
Security & Resilience
(6 Yes /6 Known /10 Possible features)
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Data Encryption At Rest & In Transit Encryption protocols for stored and transmitted risk data. |
Data encryption in transit and at rest is standard, especially with FIS/SunGard regulatory focus. | |
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Multi-factor Authentication Support for MFA to secure access to sensitive risk data. |
Multi-factor authentication is standard for institutional risk systems. | |
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Intrusion Detection Integration Links to organization security tools for threat detection. |
No information available | |
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Marketplace Certification Compliance with security certifications (SOC 2, ISO, etc.). |
No information available | |
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Disaster Recovery Procedures Documented and tested disaster recovery process. |
Disaster recovery is standard in institutional-grade risk platforms. | |
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Business Continuity Planning Redundant infrastructure to ensure service during outages. |
Business continuity is a must for broker and trading infrastructure software; vendor literature always states this. | |
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Data Anonymization Built-in data masking and anonymization tools where applicable. |
No information available | |
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Audit Logging of Security Events Detailed logging of all access and security events. |
Detailed security and user event logging is mandated by regulation and is a feature of such platforms. | |
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User Session Timeout Automatic session expiration for inactive users. |
Session timeout is standard for enterprise risk software security. | |
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Penetration Testing & Vulnerability Assessments Regularly scheduled security assessments. |
No information available |
Model Management & Validation
(4 Yes /4 Known /10 Possible features)
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Model Versioning Tracks all versions of risk models, with rollback capability. |
Model versioning is needed for auditor sign-off and tracking in institutional products. | |
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Model Documentation Attach supporting documentation for each model in use. |
Documentation of risk models is standard for regulatory reporting and control. | |
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Model Validation Workflow Formal workflow for model validation, sign-off, and periodic review. |
Model validation workflow (sign-off, review) is necessary for audit trail in regulated sectors. | |
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Independent Model Review Support Enables external or independent model validators to access models securely. |
No information available | |
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Parameter Sensitivity Analysis Tools for analyzing model behavior as parameters change. |
Parameter sensitivity analysis is standard in VaR and stress analytics stacks. | |
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Model Approval Recording Logs dates and sign-offs for all major model changes. |
No information available | |
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Out-of-sample Testing Support for model validation using out-of-sample data. |
No information available | |
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Model Performance Reporting Automatic reports on model accuracy and predictive power. |
No information available | |
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Model Decommissioning Tools Formal process and workflows for retiring obsolete models. |
No information available | |
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Number of Models under Management The total number of risk models the system can version and track. |
No information available |
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