Vantage Advisors LP Selects SunGard’s Kiodex to Help Launch and Manage the Risks of its Commodities Fund

Kiodex Surpasses 100th Customer Milestone

New York, NY, September 21, 2005 – SunGard today announced that Vantage Advisors LP, a Houston-based, relative value hedge fund that launched on September 1st, is using SunGard’s Kiodex Risk Workbench for pricing, position keeping and risk management of its commodities trading business. Vantage Advisors selected the Kiodex Risk Workbench in June, becoming Kiodex’s 100th customer.

Hedge funds like Vantage Advisors select Kiodex to help them to attract investment and launch their operations with a commodities trading platform already in place. Vantage’s selection of Kiodex prior to its launch helped it to attract investors because of the confidence investors have in the solution.

Because the Kiodex Risk Workbench is installed on an ASP-basis, implementation is extremely rapid. Vantage Advisors implemented the Kiodex Risk Workbench in a single day. Once implemented, Kiodex helps hedge funds to increase returns by providing the pricing and position tracking tools they need to produce better returns, and by continuing to assist in attracting investors.

Vantage Advisors was co-founded by Edward Ondarza and Erik Simpson. Prior to co-founding Vantage Advisors, Mr. Simpson had used the trade pricing and position keeping tools of the Kiodex Risk Workbench to help generate strong and consistent returns at another firm.

Mr. Simpson, a managing director at Vantage, said, "SunGard’s Kiodex Risk Workbench and its team have been invaluable to us in the launch of our new hedge fund. Having the Kiodex Risk Workbench helped us to generate confidence amongst investors and helped attract the capital we needed to launch the operation. The Kiodex Risk Workbench is the perfect service for trading commodities - it has functionality such as VaR, accurate pricing tools and detailed position reporting, and as an ASP-based service comes without the installation and maintenance headaches and extra support staff that an installed solution would require."

Raj Mahajan, president of SunGard’s Kiodex business unit, said, "Our work with Vantage is a great example of how we strive to be a business partner to our customers. We facilitate introductions and work with our customers to help ensure that they are fully trained on the position and risk reporting we provide. With the Kiodex Risk Workbench, our customers have access to robust commodity analytics, rapid implementation, reduced maintenance and support costs, and full disaster recovery. As a result of our dedication to working alongside our customers to help grow their businesses, Kiodex Risk Workbench is becoming a standard risk management platform amongst commodities trading firms, including 16 hedge funds."

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