SunGard's Valdi provides Eventus with an integrated platform for options trading and execution. We are dedicated to helping customers reduce trading costs and we are pleased to be helping Eventus achieve this through our Valdi Shares Rewards program.
Jersey City, NJ (Vocus) September 20, 2010
Eventus Investment Partners, a private options fund, has expanded its relationship with SunGard by implementing Valdi Options Enterprise Risk Manager (ERM) and Valdi Execution Management System (EMS) to complement its existing use of SunGard’s Valdi Options Risk Analytics. Valdi provides Eventus with execution and risk management for options products and greater connectivity to options exchanges. A comprehensive suite of solutions from one provider helps Eventus achieve greater efficiency and cost savings.
Eventus has also enrolled in the Valdi Shares Rewards program, giving it the ability to earn credits towards its use of SunGard’s trading solutions. For example, with Valdi Shares Rewards Eventus can use its increase in order flow as “currency” to offset its technology costs when it executes or clears trades through SunGard’s execution and clearing solutions.
The past year has brought many changes to the options industry, pressuring firms that trade options to focus heavily on the quality of trade execution and on keeping pace with market volatility. In an effort to more precisely mitigate risk and reduce costs, firms like Eventus are seeking integrated solutions to manage risk and reduce their technology spend.
Valdi Options Risk Analytics, a customizable, real-time options trading platform for managing risk and viewing volatility for options, integrates with Valdi Options ERM to help Eventus manage risk from positions in listed options, including large portfolios. Eventus also uses SunGard’s Valdi EMS, a multi-asset hosted trading station for direct market access, to manage and execute options trades on the SunGard Global Network, a trade automation and connectivity solution that provides access to over 110 markets worldwide.
Louis Pargiolas, head trader for Eventus, said, “SunGard’s Valdi solutions for options have helped us streamline our daily trading process, helping us grow trade volumes and source additional revenue while participating in Valdi Shares Rewards has helped us reduce our technology costs. Having used many solutions while working on the trading floor over two decades, I find SunGard’s Valdi suite for options to be well developed and feature-rich.”
Raj Mahajan, president of SunGard’s trading business, said, “SunGard’s Valdi provides Eventus with an integrated platform for options trading and execution. We are dedicated to helping customers reduce trading costs and we are pleased to be helping Eventus achieve this through our Valdi Shares Rewards program.”
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. 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 http://www.sungard.com.
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