18 April 2015

OTP Bank live with SunGard Valdi

15 October 2012  |  1072 views  |  0 Source: SunGard

OTP Bank, the banking arm of the OTP Group, the Magyar universal financial services group, has gone live with SunGard's Valdi trading and order management suite of solutions.

OTP Bank chose the Valdi order management system to help improve the dealing and supervision of its trading activities. The bank's trading floor will also use the multi-asset Valdi front-end to connect to the Budapest Stock Exchange for trading equities, commodities and derivatives.

In addition, OTP Bank plans to add access to the Frankfurt Stock Exchange's Xetra trading platform, as well as international markets through Valdi. The firm will also offer brokerage activities through the SunGard Global Network (SGN) for clients interested in trading stocks and contracts listed on the Budapest Stock Exchange.

Robert Barlai, managing director at OTP Bank, said, "We implemented SunGard's Valdi and SGN solutions in order to help automate our trading floor operations. These solutions are helping our trading floor function more effectively on the Budapest Stock Exchange while helping the bank to expand its trading activities beyond Hungary and better serve international clients. We are confident in SunGard's experience and expertise in Central and Eastern Europe as trading activity in the region consolidates onto fewer venues and as trading platforms evolve. SunGard's scalable solutions will support our business in the years to come, both in Hungary and abroad."

Philippe Carré, global head of connectivity for SunGard's capital markets business, said, "SunGard's trading and connectivity solutions help OTP Bank and other firms that have expanded beyond their home countries to operate in the wider region and address the coming challenges of further integration in Central and Eastern Europe." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
6589 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6202 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6048 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4693 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4271 views 10 comments | 36 tweets | 12 linkedin

Featured job

Find your next job