SunGard, a provider of trading solutions to equities, futures, fixed income and options traders, announced it has extended the Software-as-a-Service (SaaS (News 
- Alert))- based Valdi market connectivity service to Ljubljana Stock Exchange (LJSE) in Slovenia.
The service enables stock exchange members and their direct market access (DMA) clients to trade on electronic markets from any application connected to SGN (News - Alert) connected to Valdi workstation or FIX application. Additionally it will help Slovenian institutions and remote exchange member firms access and trade LJSE-listed products.
With SunGard's Valdi Market Access service, exchange members can outsource the activities involved in procuring and managing the hardware, software and telecommunication links required for market connectivity. The service relieves customers from pricier infrastructure investment and maintenance.
“SunGard remains committed to delivering connectivity solutions that provide simplicity, cost efficiency and rapid time-to-market for investors and brokers,” said Philippe Carré, global head of connectivity for SunGard’s capital markets business, in a statement. “SunGard’s Valdi Market Access Service helps customers reduce the total cost of ownership associated with their connections to these new markets.”
Valdi market connectivity service will help Ljubljana Stock Exchange attract European and global investors.
“Having joined the Central Eastern Europe Stock Exchange Group (CEESEG), the LJSE and the Slovene capital markets have taken a stronger position in the regional Central & Eastern Europe market and have gained new prospects for growth and development,” said Andrej Šketa, president of the management board of the LJSE, in a statement. “SunGard’s SaaS-based market connectivity service will facilitate greater access to our equities, bonds and other instruments.”
SunGard Financial Systems is based on a service-oriented architecture (SOA) development framework, a business process management platform (Infinity Process Platform) and a delivery platform that enables a SaaS-based solution.
In additional to the financial services, SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
Earlier in December, SunGard announced it has established a SunGard Global Network (SGN) hub in Santiago, Chile. SunGard will also offer Valdi Market Access to Chile.
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Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.Edited by
Jennifer Russell
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