Our Experts
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Gerry Murphy
- president
- SunGard’s brokerage and clearance business
- gerard.murphy@sungard.com
Gerard Murphy is president of SunGard’s brokerage and clearance business, which provides software and services to futures commission merchants, research firms, broker-dealers, hedge funds, asset managers, tax processors, public sector organizations and corporations for transaction processing, clearance and settlement, data management and tax reporting globally. Since becoming president in 2002, Mr. Murphy has established greater cohesion between SunGard’s Stream Phase3, Stream In Trader, Stream GMI, Fame, Stream Securities Transfer, and Stream Wall Street Concepts solutions, as well as successfully launched SunGard’s Stream STN Settlements, StreamCore and Cliq™ solutions.
Mr. Murphy has over 20 years of experience in the securities industry. Prior to his current role, he was executive vice president of Sales & Marketing at SunGard’s iSolutions business unit.
Gerry Murphy is an expert in the areas of securities processing, clearance and settlement, and front-to-back-office operations for broker-dealers, banks and futures commission merchants. He guides technology and service initiatives to help customers adapt to industry changes, support global expansion and enhance business results. Key initiatives include supporting customers’ efforts to consolidate operations for greater efficiencies and revolutionizing post-trade derivatives processing.
Commentary
In an effort to protect profit margins and increase business opportunities, many broker-dealers look to streamline operations, control risk and cost, and expand globally in order to sustain competitive advantage. The diverse legacy environment of many firms needs to be integrated and renewed to eliminate the bottlenecks of duplicate data and resulting reconciliation, while enabling cross-asset business functions and consolidated views of accounts via integrated broker desktops. By consolidating operations and creating a central transaction data store, firms are better able to tap one reliable source for proactively managing risk, performance and opportunity across the firm, while effectively dealing with increasing trade volumes, mergers and acquisitions. With the new risk-based portfolio margin industry requirements, the ability to perform the necessary calculations is crucial. As the firms look to the international area for growth, they will need global clearing and settlement, global margin tools and better post-trade processing capabilities to help ensure a seamless expansion.
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