SunGard Expands Valdi Market Access Offering to Cover South African Derivatives Exchange

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SunGard has extended its ASP-based market connectivity services by adding the Johannesburg Stock Exchange (JSE) Derivatives Market.

SunGard has extended its ASP-based market connectivity services by adding the Johannesburg Stock Exchange (JSE) Derivatives Market. SunGard’s Valdi Market Access services help exchange members and their direct market access (DMA) clients access and trade on 110 markets worldwide from any SunGard workstation or FIX-enabled application. The extended service will help South African and international firms access and trade JSE Derivatives products simply and cost-effectively.

Valdi Market Access services will help exchange members outsource the activities involved in procuring and managing the hardware, software and telecommunication links required for market access. Users will benefit from 24/7, managed access to local markets.

Warren Geers, general manager of derivatives trading at the JSE, said, "The JSE has been working with SunGard for many years to provide market participants with enhanced market access and trade processing, and has used SunGard's gateway to provide trading on the equity marketplace since 2001. SunGard’s new ASP-based market connectivity for JSE Derivatives will help facilitate greater access to our derivatives products - futures and options on soft commodities, currency and equities - which have been growing steadily."

Yassine Brahim, president of SunGard's global trading business, added, "To help facilitate electronic access to financial markets, SunGard establishes close relationships with exchanges such as the JSE. SunGard's presence in South Africa has been long established, with an office in Johannesburg providing support and services, the implementation of a SunGard Global Network hub and a strong relationship with the JSE. Launching the Valdi Market Access service for the JSE Derivatives market is a natural development of SunGard's strategy, and supports increasing trading demand in the country."

About the Johannesburg Stock Exchange
The JSE Ltd (“JSE”) is licensed as an exchange under the Securities Services Act, 2004, and is Africa’s premier exchange. It has operated as a market place for the trading of financial products for nearly 120 years. In this time, the JSE has evolved from a traditional floor based equities trading market to a modern securities exchange providing fully electronic trading, clearing and settlement in equities, financial and agricultural derivatives and other associated instruments and has extensive surveillance capabilities. The JSE is also a major provider of financial information. In everything it does, the JSE strives to be a responsible corporate citizen.

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. For more information, please visit SunGard at

Trademark Information: SunGard, the SunGard logo 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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Toby West

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