From the publisher website or publicity

Overview

The Devon Exchange System provides back-office processing requirements of firms participating in the European exchange-traded derivatives markets. Designed for smaller firms with low-end volume requirements, or for use as an adjunct to outsourced services, Devon is a powerful yet cost-effective solution with real-time processing, full multi-currency account management, and extensive exchange-interface connectivity.

With a stable and efficient processing platform for the clearing and settlement of exchange-traded futures and options and related OTC contracts, Devon provides the ability to receive, process, and turn around trade information quickly.  Devon is ideal for providing time-sensitive and accurate trading information to multiple sources immediately after market close.

Devon provides the following features and advantages:

 *Offers the option of registering trades directly and automatically from a trade source, such as an exchange matching system or third party trade interface, or by direct input
 *Provides trade validation by a designated user to prevent incorrect or unauthorized entry of transactions into the live environment
 *Interfaces with exchanges, SunGard's WorldSource, or other price vendors for contract settlement prices
 *Ability to apply a range of limit controls to monitor transaction activities in volatile or tightly regulated markets
 *General Ledger postings for double entry bookkeeping, which can be incorporated into a central GL accounting system within the organization
 *Automatic generation of trade confirmation records, which can be output as customer stationary, allowing users to define fields, look and feel, size and proportion of information on each page
 *Generates commission schedules, ranging from exchange fees and clearing commissions, to clearing fees and floor brokerage
 *Extensive and flexible reporting for customer stationary, regulatory reporting and information access; both standard, pre-defined reports, as well as ad hoc, user-specific reports
 *Runs on MS Windows NT or 2000 operating systems, and is available as a stand-alone or networked system

Keywords
account control
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derivatives
derivatives markets
Devon
European
exchange
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exchange matching
exchange traded derivatives
exchange-traded
floor brokerage
limit controls
market
markets
multi-currency
real-time
regulated market
regulated markets
regulatory reporting
trade confirmation
trade registration
trades
trading
transaction
transactions
WorldSource

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Vendor: Sungard