(Vocus) July 2, 2010
SunGard has extended its Valdi Market Access offering to provide financial firms with an ASP-based connectivity service to EuroTLX, an Italian-based European Multilateral Trading Facility (MTF) that specializes in fixed income trading.
The new service will be fully integrated with Valdi's hosted smart order routing technology as well as ASP market access services to other fixed income venues, including Borsa Italiana's MOT and Hi-MTF. With the service, SunGard’s Valdi Liquidity Solutions suite can help customers to better comply with best execution principles for fixed income trading - as it already does for European equities - making it a true multi-asset class offering.
Angela Fenwick, chief executive officer at EuroTLX, commented: "The development of smart order routing solutions in the fixed income arena, and their inclusion in the best execution policies of the majority of Italian banks, has allowed EuroTLX to become the principal trading venue in Europe for fixed income instruments targeted to non-professional investors. SunGard's Valdi Market Access offering will help facilitate greater access to our marketplace and consequently should help us grow our business."
Yassine Brahim, president of SunGard's global trading business, commented: "Post-credit crisis, there is increasing interest in fixed income trading in Europe. Trading firms now require greater access to fixed income marketplaces and multi-asset solutions. One of the key challenges in capturing liquidity is to determine which liquidity pools to trade on. SunGard's Valdi Market Access is an efficient and cost-effective solution that helps trading firms with connectivity and smart order routing to new trading venues, including fixed income MTFs."
Based in Milan, EuroTLX is the first fixed income market in Europe focused on retail investors, where it is possible to trade more than 3,200 securities, the majority of which are fixed income instruments (government, banking, corporate, financial, emerging markets and supranational bonds), with a selection of investment certificates and American and European equities. Liquidity is provided by the hybrid microstructure of the market, order & quote driven. Every day circa 15,000 trades are executed on EuroTLX with a value of more than €400 million. For more information on EuroTLX, on the traded securities and on the services offered to brokers: http://www.eurotlx.com.
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.
SunGard is one of the world's leading software and technology services companies. It has more than 20,000 employees and serves 25,000 customers in 70 countries, providing software and processing solutions for financial services, higher education and the public sector. SunGard also delivers 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 http://www.sungard.com.
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Trade execution and clearing services in UK and Europe are provided by SunGard Global Execution Services Limited - Authorized and Regulated by the Financial Services Authority * Registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ.
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