New York, NY (PRWEB) October 10, 2011
Rosario Futures Exchange (ROFEX), an Argentina-based derivatives exchange, is now available through SunGard Global Network for Securities (SGN) for global connectivity, order routing and market data. SGN will help futures and options traders around the world easily access ROFEX, facilitating electronic order routing access to their exchange. SGN will also help increase efficiencies and reduce errors for traders that trade through ROFEX by helping them trade electronically, for greater automation across the trade lifecycle.
Growth in the derivatives markets in Latin America is attracting new liquidity through improved access and collaboration between exchanges. As traders expand their derivatives trading reach to international markets they increasingly require robust trading tools and access to an extensive global network. SunGard’s Valdi and SGN offer comprehensive derivative trading solutions as well as one of the largest networks in the world. Valdi provides futures and options traders with global trading software, powerful market data, risk management solutions and low latency execution services. SGN provides trade automation and connectivity to over 120 electronic markets and more than 530 brokers worldwide, helping shorten time to market for trading new products and in new geographies.
Mr. Diego Fernandez, chief executive officer of Rosario Futures Exchange, said “SunGard is helping us expand our global reach by providing us with electronic access to new markets and participants, facilitating the growth of our business and helping make global trading easier and efficient for our clients.”
Raj Mahajan, president of SunGard’s global trading business, said, “We are pleased to provide Latin American customers with a customizable solution for multi-asset, global trading, through Valdi and SGN. It is our goal to provide customers with a simplified gateway to access all exchanges in Latin America; we already provide access to equities and derivatives exchanges in Brazil, Mexico, Chile, Colombia, Peru and now Argentina.”
ROFEX was founded in 1909 and was the first exchange in the world to list agricultural futures without delivery, the Rosafe Soybean Index (ISR) and the first exchange in Argentina to launch electronic trading and trade via the Internet. Also, ROFEX was the first Exchange in Argentina to implement a FIX Gateway and to offer DMA to its brokers and final clients.
Nowaday, ROFEX has more than 130 members in its Financial and Agricultural Derivatives Divisions, among most banks, grain exporters and futures brokers.
Some products available at ROFEX are US Dollar Futures, Soybean Futures (Index), Soybean Futures (with Delivery), Euro Futures, Gold Futures and Crude Oil Futures.
ROFEX is the 27th Worldwide Futures Exchange Market according to FIA Ranking (2010) in traded volume. The U.S. Dollar Contract is ranked 6th in the Global FX Futures Ranking.
About SunGard's Valdi
SunGard’s Valdi provides equities, futures, fixed income and options traders with multi-asset trading solutions on 170+ markets worldwide. Valdi global trading solutions support the entire trade lifecycle, including integrated trade and order management systems, execution services, market data, risk management, compliance, and clearing and settlement services. Also offering worldwide connectivity via the SunGard Global Network (SGN), SunGard's Valdi global trading solutions help customers to achieve increased performance and low latency execution across multiple platforms, instruments and geographies.
About the SunGard Global Network (SGN)
A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. SGN helps automate the entire trade lifecycle, from order execution through to post-trade processing. It facilitates trading on over 120 markets worldwide and links more than 1,800 asset managers with over 500 brokers, as well as interconnecting with major third-party order-routing networks. SGN’s international connectivity hubs also support low-latency market data delivery from global markets.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 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 of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company.
Trademark Information: SunGard, the SunGard logo, SGN and Valdi are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.
SGN Brokerage Services offered in the United States are provided by SunGard Institutional Brokerage Inc., Member FINRA / SIPC.
SGN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited which is authorised and regulated by the Financial Services Authority, No. 469919 . Incorporated and registered in England and Wales No. 3127109 . Registered Office: 25 Canada Square, London E14 5LQ.