Warsaw, Poland (PRWEB) July 03, 2012
Bank Pekao S.A. (Bank Pekao), the Polish banking group and part of the UniCredit Group, has selected SunGard’s Valdi trading suite for connectivity between the Warsaw Stock Exchange (WSE) and the firm’s online trading platform and core banking system.
Bank Pekao’s traders will use Valdi to help improve and monitor order flows and provide a sales trading service. The bank will also implement Valdi’s gateways to the WSE to link its core banking system and its online retail trading platform to the exchange.
Piotr Teleon, deputy head of Pekao Brokerage House, said, “We have used SunGard’s solutions since the Warsaw Stock Exchange implemented the WARSET trading system in 2000. Now Valdi will help us move to the next stage of our development, support business strategies we may choose in the future and help us leverage the opportunities available on other developed trading venues.”
Philippe Carré, global head of connectivity for SunGard’s capital markets business, said, “SunGard is helping financial institutions and their clients across the Central and Eastern European region by expanding its connectivity to exchanges and brokers. In addition, our cost-efficient solutions can be easily integrated into existing and complex technical frameworks.”
About Bank Pekao S.A.
Pekao SA has operated for over eighty years and it is currently one of the largest financial institutions in Central Eastern Europe. In terms of assets, Pekao is the second largest bank in Poland, while in terms of capital power (measured in solvency ratio), it is number one among Polish banks and one of the leading institutions in Europe (Core Tier 1 at 18,9% by the end of 1Q2012).
Pekao SA has the second biggest network of branch outlets (one thousand outlets throughout the country) and a network of over 4 000 free-of-charge ATMs in Poland and approx. 20 000 in twenty-two European countries. The Pekao capital group also includes the largest Investment Fund Company in Poland, a pension fund, two of the best brokerage houses on the market, as well as various leasing and factoring companies.
Over the years, Pekao SA has won numerous awards and distinctions, on both domestic and international scale. In 2012, Pekao’s mobile banking application came first in the Mobile Trend Awards competition. The Bank also won, for the third time in a row, the award for the Top European Employer 2012. In the field of corporate banking, in 2012 Pekao won the award for the Best Currency Service Supplier, as well as the Best Bank for Trade Financing, both named by the prestigious “Global Finance” magazine. Pekao is the four-time winner of the award for the Best Polish Bank, selected by the “Euromoney” magazine. Three times it was named the best bank in Poland, by “The Banker” and “Global Finance” magazines. It also received the Golden Banker award, for pioneering the thumbprint identification technology in European banking.
Pekao SA is part of the UniCredit Group, one of the major international financial institutions, which operates in 22 European countries, with over 160 000 employees and 9600 branches.
About SunGard’s Valdi
SunGard’s Valdi is a suite of electronic trading solutions for equities and listed derivatives. Valdi offers fully automated or high touch order management, trade execution and liquidity management; pre- and post-trade risk and compliance; and market data. With a suite of hosted services and connectivity to the SunGard Global Network (SGN), Valdi helps customers cost-effectively execute trades across multiple platforms, instruments and geographies. For more information, please visit http://www.sungard.com/360trading.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 $4.5 billion, SunGard is the largest privately held software and services company and was ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.
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