SunGard Partners with Citigroup to Offer Equity Algorithmic Trading

Decalog Customers to Access Algorithms that Help to Maximize Trading
Performance

Paris, November 3rd 2005 - SunGard today announced that customers of its Decalog order management system (OMS) can now access proprietary algorithmic
trading strategies from Citigroup Corporate and Investment Banking. Traders are able to benefit from Citigroup's algorithmic strategies directly from the
Decalog OMS blotter. Decalog (http://sungard.com/decalog) provides portfolio
and trade order management functionalities, helps streamline investment workflow and helps traders achieve best execution on local and cross-border
trading operations.

Citigroup's algorithmic trading suite has been developed in house over a number of years on Citigroup's internal order flow, focusing on providing transparent user-controlled algorithms tailored to each client's needs, rather than provide hidden black-box type solutions. Citigroup has designed, tested and optimized its trading engines to take account of idiosyncrasies at market and single-stock level, to offer its clients robust and efficient performance for both large and mid-capitalization orders.

Richard Evans, head of alternative execution in Europe for Citigroup, commented, "We are pleased to partner with SunGard to provide our offering
via Decalog. Our models are fully transparent and we look forward to sharing
our extensive knowledge and experience of implementing algorithms with
Decalog customers."

Eyal Yaron, vice president of product management at SunGard's Decalog business unit, added, "This partnership will help our customers to access and use some of the most advanced trading tools available to achieve best execution. Citigroup's algorithmic trading strategies are embedded within the Decalog 5.0 Trading Blotter which combines order routing details with the specifics of the algorithm's unique parameters. Our customers are able to download new and custom algorithms directly to their trading blotter without the need for software upgrades thus enabling them to use new trading strategies as soon as they are published by Citigroup."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development