SunGard’s Valdi Adds Hosted Access to Pan-European Trading Platform Equiduct
December 19, 2012 — London
SunGard has extended its Software-as-a-Service (SaaS)-based Valdi offering to provide its customers with access to Equiduct, the pan-European trading platform focused on offering retail participants access to best execution. SunGard’s Valdi hosted access infrastructure is proximity-hosted with Equiduct’s trading engine, which helps Valdi customers benefit from low-latency market data and order routing.
Brokers that want to use smart order routing to help offer their clients best execution need access to multiple trading venues, many of which were launched following the implementation of the European MiFID legislation. As a hosted service, Valdi helps customers reduce the cost of owning and managing a trading technology infrastructure while helping them trade on multiple global trading venues like Equiduct. In tandem with the hosted access offering, SunGard has also become a market data vendor for Equiduct.
Peter Randall, chief executive officer of Equiduct, said, “Equiduct’s clients need to meet regulatory obligations like MiFID and provide order-by-order best execution to their clients. As the number of trades rises on our trading platform, adding access through SunGard’s Valdi solution will facilitate access to new participants and extend the reach of Equiduct’s market data.”
Philippe Carré, global head of connectivity for SunGard’s capital markets business, said, “Capital markets firms need to continually invest in order to reduce the latency of their trading infrastructures and expand the scope of their activities while reducing operational risk. SunGard’s Valdi helps retail and institutional brokers connect to new trading venues such as Equiduct without the need to install hardware, helping them reduce costs. Furthermore, hosting Valdi next to Equiduct’s trading platform in the Interxion financial ecosystem helps minimize latency further.”
Equiduct Systems Limited is a technology and transactions services provider specializing in offering low latency market data and trading platform solutions. It provides Equiduct, the pan European trading platform, offering the highest likelihood of best execution for the retail market. More information: http://www.equiduct.com.
Interxion (NYSE: INXN) is a leading provider of carrier-neutral colocation data centre services in Europe, serving a wide range of customers through 32 data centres in 11 European countries. Interxion’s uniformly designed, energy-efficient data centres offer customers extensive security and uptime for their mission-critical applications. With connectivity provided by over 400 carriers and ISPs and 18 European Internet exchanges across its footprint, Interxion has created content and connectivity hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.
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 www.sungard.com/valdi.
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 www.sungard.com.
Trademark Information: SunGard, the SunGard logo, 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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