WMI Chooses Partner for New Trading Group

SunGard Trading and Risk Systems, an operating group of SunGard, announced that Waste Management, Inc. has selected Panorama to support the trading activity of its new pulp and paper-trading group, and to track and manage the market and credit risks related to its long-term physical delivery contracts.

Joe Reposa, director of systems development for Waste Management's Recycle America subsidiary, said, "We see paper trading as a natural extension of our physical recycling efforts and as a differentiator for our company. We chose Panorama because it offers us greater confidence in the trade support and risk management of our new trading group."

Waste Management will be the first Panorama client in the pulp and paper trading market.