SunGards Valdi To Support Trading On BETa, New European MTF
January 24, 2012 — London – SunGard has extended its Valdi trading solutions suite to provide access to BETa, the European Multilateral Trading Facility (MTF) launched by the Budapest Stock Exchange (BSE) in November 2011 to serve retail investors. BETa uses the BSE equity trading platform, and offers trading in foreign shares, with market makers supplying continuous liquidity. The BETa product range, initially restricted to Finnish, French, German and Spanish shares, is expected to be broadened in early 2012, with additional products to become available for trading.
SunGard’s Valdi includes a range of execution tools such as algorithmic trading and smart order routing that help customers navigate the fragmentation in European markets resulting from the introduction of the European Union’s MiFID directive. BETa represents a further step in the provision of wider access to European equity markets for retail investors, a development strongly encouraged by MiFID and now supported by SunGard. Valdi facilitates trading on global markets, including many emerging and frontier exchanges.
Ferenc Pittner, deputy chief executive officer of the BSE, said, “The BSE always seeks to provide its constituent members with new and attractive ways to capture order flow, and BETa is another way for us to facilitate blue-chip trading for our members and their clients. We are delighted that SunGard supports our initiative and we look forward to expanding our offering.”
Philippe Carré, global head of connectivity for SunGard’s capital markets business, said, “Offering access to BETa through Valdi will help our customers further develop their services for retail clients, which is an important focus as European markets seek to increase liquidity.”
About the Budapest Stock Exchange and BETa
Budapest Stock Exchange’s BETa Market launched in November 2011 was a major cornerstone in line with the BSE’s aim to widen product range. The BETa Market is a retail MTF, established with the primary goal of making foreign equities accessible to Hungarian retail investors in a safe, easy and cost effective way. The largest and most liquid equities of mainly European companies are registered on the BETa Market’s ever increasing product palette.
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 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 was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Valdi and the SunGard Global Network 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
