Warsaw Stock Exchange Selects SunGard’s Protegent and Valdi for Market Abuse Surveillance

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The Warsaw Stock Exchange has selected SunGard’s Protegent compliance solution and Valdi electronic trading tools for real-time surveillance and monitoring of trading activity on the exchange.

The Warsaw Stock Exchange (WSE), the securities and commodities exchange mandated to organize and manage the trading of securities in Poland, has selected SunGard’s Protegent compliance solution and Valdi electronic trading tools for real-time surveillance and monitoring of trading activity on the exchange. Protegent and Valdi will help enhance the WSE’s ability to supervise members connected to its trading platforms and help improve its capability to manage market-making activity as well as detect potential errant and suspicious trading patterns.

A customer of SunGard’s trading solutions for more than 10 years, the WSE will use SunGard’s Protegent market abuse solution to help enhance its analysis of specific market conditions and trigger alerts in real time, helping the WSE comply with the Market Abuse Directive, including European Securities and Markets Authority’s (ESMA) 2012/122 Guidelines “Systems and controls in an automated trading environment” and Regulation (EU) No. 236/2012 for Short Selling. In addition, Valdi’s “flashback” function will allow the WSE to analyze historical market situations by rebuilding the order book at any point in time, while its historical data will provide insight into trading patterns. Users will be able to analyze orders and trading patterns across individual or multiple asset classes and trading venues via graphical displays and a rules and reports library.

SunGard’s Valdi will give the WSE’s surveillance teams a detailed, real-time view of market data and trading activity regardless of the connectivity tools used by WSE members.

Adam Maciejewski, member of the management board of the Warsaw Stock Exchange, said, “Surveillance tools are an absolute requirement as stock exchanges around the world seek to ensure fair and orderly markets. The WSE selected SunGard’s Protegent because it is an efficient, proven and system-agnostic solution that complements our existing arsenal of market protection capabilities. Valdi will help the WSE improve our ability to monitor exchange trading activity and give our surveillance team enhanced access to real-time data, helping them identify trading patterns that might reveal market abuse.”

Philippe Carré, global head of connectivity for SunGard’s capital markets business, said, “SunGard is a long-time partner of the Warsaw Stock Exchange, and we will now be helping the WSE address a critical concern for stock exchanges worldwide: the accurate, timely monitoring of trading activities. The combination of Valdi’s real-time, pre- and post-trade functionality and flashback function with Protegent’s real-time market abuse rules engine and easy reporting capabilities is helping exchanges like the WSE monitor trading activity and prepare for new regulations.”

About the Warsaw Stock Exchange

The Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe. The WSE organises trading on one of the most dynamically growing capital markets in Europe. The WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. The WSE is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as an energy market. Since 9 November 2010, the WSE is a public company listed on the Warsaw Stock Exchange. For more information, visit http://www.gpw.pl.

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.

About SunGard's Protegent

SunGard's Protegent is a suite of solutions that help automate financial institutions’ compliance processes. It helps give financial institutions transparency into their data while helping them to enforce and document their compliance policies and procedures. Protegent’s solutions cover social media review, personal trading oversight, market abuse, Reg NMS, Order Audit Trail System (OATS), and transaction supervision and surveillance review. For more information, please visit http://www.sungard.com/protegent.

About SunGard

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 is ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Protegent, the SunGard Global Network 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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Jamie Serino
SunGard
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