SunGard's European Broker Dealer Connects With KAS BANK for Clearing and Settlement Services

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SunGard’s recently launched European electronic agency broker-dealer, Valdi Execution Services, has chosen KAS BANK, a European specialist in securities services, to provide an integrated clearing, settlement and back-office solution to the European markets.

We share with SunGard a commitment to excellence, specialism and independence, and together we can provide the end customer a seamless and neutral service of high quality.

SunGard’s recently launched European electronic agency broker-dealer, Valdi Execution Services, has chosen KAS BANK, a European specialist in securities services, to provide an integrated clearing, settlement and back-office solution to the European markets. SunGard’s Valdi is now able to provide European traders with a single solution for pre- and post-trade processing, helping them increase transparency and efficiency across the trade lifecycle.

In the wake of MiFID, the fragmentation of liquidity has accelerated across the European markets. While this fragmentation has benefits in lower execution costs, it increases the complexity of pan-European securities trading, and the cost of post-trade processing. With SunGard’s Valdi providing the execution and liquidity services and KAS BANK managing the clearing and settlement process, customers benefit from an automated trade lifecycle that can help them reduce costs and achieve economies of scale.

SunGard’s Valdi Execution Services is one of the first brokers providing high frequency customers with sponsored access in Europe and is a leading provider of direct market access globally. With memberships at the London Stock Exchange, NYSE Euronext and UK-based MTFs Chi-X, BATS, Turquoise and Nasdaq OMX Europe, SunGard offers its customers access to European markets through its global execution services.

SunGard’s Valdi Execution Services will use KAS BANK’s cross-border clearing and settlement platform and back-office solution, which relies on SunGard's Stream RIMS technology and includes static data and reference management, deal capture, settlement enrichment, trade accounting and cash and stock reconciliation. KAS BANK’s integrated services support post-execution processes and will help SunGard’s Valdi Execution Services focus on helping customers achieve best execution and decrease trading costs.

Laurens Vis, managing director, KAS BANK UK, said, “We share with SunGard a commitment to excellence, specialism and independence, and together we can provide the end customer a seamless and neutral service of high quality.”

Raj Mahajan, president of SunGard’s trading business, said, “KAS BANK aligns well with SunGard as an independent and neutral provider that focuses strongly on risk management. Working with KAS BANK will help us automate pre- to post-trade processing for customers in Europe which will help them improve efficiencies and reduce their overall trading costs.”

About KAS BANK:
KAS BANK is a European specialist in wholesale securities services. As an independent bank, KAS connects professional financial institutions within Europe and across the globe.

KAS BANK focuses on providing added-value services to national and international organizations active in the pensions and securities industries. At KAS we view the market from the perspective of our clients – tailor-made services and complete transparency are paramount in helping them to meet their business objectives.

About SunGard’s Valdi:
SunGard’s Valdi provides equities, futures, fixed income and options traders with multi-asset, front-to-back trading and risk management solutions on 110 markets worldwide. SunGard’s Valdi global trading solutions support the entire trade lifecycle including integrated trade and order management systems, execution services, risk management, compliance, and clearing and settlement services. With connectivity via SunGard’s global network, SunGard's global trading solutions help customers achieve increased performance, low latency and execution across multiple platforms, instruments and geographies.

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company.

European execution services are provided by SunGard Global Execution Services Limited, which is authorised and regulated by the Financial Services Authority.

Trademark Information: SunGard, the SunGard logo, Stream RIMS and Valdi are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Adriana Senior

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