SunGard has released version 4.2 of its Front Arena cross-asset trading solution. The upgrade offers support for high volume FX and money market transactions, faster derivatives pricing and handling for larger volumes of complex trades.

Version 4.2 also includes support for grid computing, remote sheet calculations for large portfolios and enhanced memory management.

In a statement, Tim Dodd, head of product management for SunGard Front Arena, said, "Instruments like equity basket options, collateralized debt obligations (CDO's) and other path dependent instruments have become commonplace. The complexity and diversity of these vanilla instruments makes it tough to price them, therefore traders and risk managers need to get as much as they can out of hardware improvements such as parallel processing and grid computing. Front Arena 4.2 is designed to address this need."

This latest version also supports SunGard's Monis for pricing of convertible bonds and can utilize SunGard's Adaptiv confirmation manager for back-office confirmations on equity derivatives.