SunGard has added its 20th Valdi Market Access customer to deliver software-as-a-service (SaaS)-based market connectivity to the SIX Swiss Exchange(SWX).
SunGard's market connectivity services help exchange members and their direct market access (DMA) clients to trade on electronic markets from any workstation or application. The SWX Valdi Market Access service gives access to both the Standard Trading Interface (STI) and the Capacity Trading Interface (CTI) exchange platforms.
SunGard's Valdi Market Access services help exchange members outsource the activities involved in procuring and managing the hardware, software and telecommunication links required for market access. Users benefit from 24/7 managed access to markets worldwide.
Chris Landis, head of operations for SIX Swiss Exchange, said, "SunGard has been working with SIX Swiss Exchange since 2004 to provide market participants with managed market access. Over these years, the collaboration between SIX Swiss Exchange and SunGard has been very close and successful, benefitting our mutual clients. Outsourcing market connectivity can be a cost-effective and easy way for many firms to access the exchange, so it can facilitate growth in the number of market participants."
Didier Bouillard, chief operating officer of SunGard's global trading business, said, "SunGard's Valdi Market Access helps financial institutions reduce infrastructure and support costs involved in connecting to electronic markets. SunGard's long-standing relationship with SIX Swiss Exchange, reinforced by our local presence in Zurich and Geneva, allows SunGard to deliver solutions that help provide greater simplicity and cost efficiency for investors and brokers in the Swiss marketplace."