April 2010
SunGard Heralds Valdi at NASDAQ's Closing Bell Ceremony
To say the least, the endless quest for liquidity and trading opportunities can get complicated. What if traders could access a single suite of solutions that combines execution and order management, brokerage and liquidity services, market data and global networking?
Well, SunGard thinks its a good idea and has gathered together a broad range of integrated offerings under Valdi. In addition to fast access to liquidity venues, SunGard's Valdi offers a
new order management system, competitive execution services and robust compliance management.
Ralston Roberts, senior vice president of SunGard's Trading business and other SunGard team members, made the case for Valdi at the
NASDAQ Market Site in Times Square while presiding over NASDAQ's closing bell. SunGard continued the celebration at the Hudson Hotel in Manhattan.
Key to the OMS is the integration of various front, middle and back office offerings, coupled with a consolidated view of trading across global markets. The toolset can help improve control over orders, currency conversions, risk, compliance and confirmations for multiple assets. Expect a boost in performance, transparency and communication - with customers and counterparties. It's all in keeping with SunGard's role as a leading, neutral provider of integrated transaction processing and compliance services.
Discover what Valdi can do for you.
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Short Sales, Co-location and High Frequency Trading - a TradeTalks Podcast with Brian Hyndman at NASDAQ OMX.
Brian Hyndman, svp,
NASDAQ OMX
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Join Brian Hyndman, senior vice president of NASDAQ’s Transaction Services, US on this TradeTalks podcast. Brian discusses upcoming regulatory changes such as potential industry implications for the proposed short sale rule circuit breaker, co-location and fair market access. In under ten minutes, hear NASDAQ’s comments on sponsored access, how NASDAQ plans on maintaining future growth on its BX platform which hit a record 5.82% US equity matched market share earlier this month, how NASDAQ plans to offer the first price-size exchange platform with PSX and how broker-dealers can benefit. Listen now |
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Regulators Crack Down on Energy & Commodities Market Manipulation
By Wayne Butler, product manager, SunGard Protegent & John Doran, principal, SunGard Consulting Services
Wayne Butler
Product Manager
SunGard Protegent
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Since the fall of Enron in 2001, energy commodity trading companies have come under increasing scrutiny by the Federal Energy Regulatory Commission (FERC) and the Commodities Futures Trading Commission (CFTC). During this time, significant changes have been initiated to increase the level of regulatory oversight of energy related commodities. From the Energy Policy Act of 2005, to the most recent political discussions focusing on limits on large speculative positions, the FERC & CFTC have several tools at their disposal (including significant penalty authority) to prevent market manipulation.
The intent of oversight is to maintain a healthy and fair market environment for all participants. Until trading practices that artificially impact market prices decrease, oversight from both the FERC and CFTC will continue to increase. In the Amaranth & Energy Transfer Partners (ETP) cases, both companies faced noteworthy financial impacts stemming from claims of market manipulation in simultaneous cases brought by both the FERC and CFTC for singular actions. Since both regulating bodies argue that prices in the cash/physical markets affect prices in the financial/derivatives markets, and vice-versa, there is a trend of increasing overlap of regulatory jurisdiction between the two regulatory bodies. The important implication of this is that firms trading in energy related commodities are at risk of having separate actions brought upon them by each agency for the same conduct. |
Regulatory judgment resulting from market manipulation carries significant financial risk and damage to corporate reputation. In order to take a proactive approach to mitigating this risk, market surveillance from within should focus on the identification of trading anomalies and ”signature behaviors” that can be linked to potential manipulative activity. Once these signature behaviors are surfaced, the ideal process will then put the proper perspective around the events to allow the surveillance team to understand actual intent
For more information on Sungard Protegent’s solutions for Energy & Commodity traders, click here.
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SunGard's Protegent Compliance Summit Slated for Ft. Lauderdale
Daniel H. Pink,
best selling author, Drive
Keynote speaker
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More than 150 compliance professionals from nearly 100 financial firms attended SunGard's Compliance Summit in 2009 and know first hand the value of our annual conference. This year SunGard's Protegent Customers will gather from April 21-23 in Ft. Lauderdale, Florida to network with executives in the compliance industry. Attendees will participate in roundtables and panel sessions on best practices in risk management, reporting and related industry matters. Click here for more information. |
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SunGard Helps Make the Options Market More Visible
In 2009, market makers and traders recognized the need to drastically change their trading strategies to better deal with the changes in volatility. The made two important changes - they pusehd to increase reaction times and to alter their risk models. Recent studies show that in 2010 the options market is recovering after a flat 2009 and open interest is already up 7.5%.
Just in time for the recovery, SunGard recently introduced Valdi, a suite of sophisticated trading products that includes MicroHedge Enterprise Risk Manager, now known as Valdi Enterprise Risk Manager (ERM). Valdi ERM helps traders protect their assets and increase revenues by giving them better insight into the options markets. Valdi ERM offers robust features such as profit analysis, historical portfolio analysis and risk normalization. This will give options traders a holistic view of their portfolios, while letting them quickly and easily manage risk across many accounts and listed options. Options risk management is a critical issue for most firms, and to learn more, watch the Valdi ERM demo.
Click here to SunGard's ten trends shaping listed options trading and risk management in 2010.
And be sure to join Andy Nybo from the TABB Group for a webinar discussing the latest options industry topics. Andy will focus on real-time risk management and how it has become a competitive necessity, and firms failing to invest in these critical processes risk losing to firms who have long-term strategies regarding sustainable and competitive risk management processes. Hurry, registration closes on April 20th at 12:00 EST, so be sure to reserve your spot today
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BM&FBOVESPA Taps SunGard as DMA Provider
The Brazilian Exchange BM&FBOVESPA will be using SunGard's DMA order routing system to trade financial and agricultural derivatives. SunGard's solution will help exchange customers boost efficiency through an automated trade-loading process. The DMA service also performs bookeeping functions and calculates margins and fees. Read the full article here.
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