Itaú BBA Securities, the brokerage arm of Itaú Unibanco based in São Paulo, has gone live with SunGard's Valdi Order Management System (OMS), Valdi Liquidity Solutions and GL Selector to help it manage execution, trading and risk from a single platform.
Itaú is also now connected to the SunGard Global Network giving it access to over 500 brokers and 110 marketsaround the world. SunGard will help Itaú trade multiple asset classes and source new liquidity to help drive growth and increase revenue.
Itaú BBA Securities has the largest trading floor in Latin America and the largest coverage of investment research in Brazil, as well as a vast global sales team located in major financial centers in the world, including New York, London, Dubai, Hong Kong, Tokyo and São Paulo. SunGard's Valdi helps Itaú trade different types of securities on multiple markets and automate the trade lifecycle across asset classes. GL Selector provides pre-trade risk management on all equities and derivatives order flow, helping Itaú traders reduce risk by centralizing risk management capabilities. The SunGard Global Network helps Itaú better serve its clients by providing them with access to one of the most extensive trading networks, increasing their access to liquidity.
Christian Egan, chief executive officer of Itaú BBA Securities, said, "With SunGard's Valdi, GL Selector and the SunGard Global Network, we now have a solution that supports the entire trade lifecycle. The value of SunGard's offering is that it uniquely provides technology that is venue neutral in addition to providing competitive execution services. SunGard has also provided us with dedicated customer service representatives, swift implementation and onsite training and production support, helping us concentrate on what matters most to us: sourcing revenue opportunities for our clients."
Raj Mahajan, president of SunGard's trading business, said, "SunGard's strategy is to help traders become more successful by providing them with increased automation, the ability to trade multiple asset classes, and connectivity to a global network of trading participants. A single vendor relationship also he helps customers reduce execution and maintenance costs. SunGard's Valdi will allow Itaú to use one provider for its trading needs, helping it increase revenues through global growth opportunities, reduce costs through economies of scale and centrally manage risk."