Rafferty Capital Markets LLC, a registered broker dealer, has selected SunGard's Valdi Order Management System (OMS) and Valdi Direct Market Access (DMA) for its institutional trading business.
Rafferty chose SunGard's Valdi because it provides integrated software and execution services, as well as real-time trading, exposure and risk management. Valdi will help Rafferty reduce latency, improve execution quality and increase operational efficiencies.
Today's economy pressures firms to source new liquidity, improve speed of execution and lower costs. Valdi provides a consolidated view of trading across global markets with access to positions and risk management for multiple asset classes and currencies, helping customers source new revenue opportunities. Valdi includes specialized front-end profiles for market making, agency and proprietary trading that provide enhanced speed and reliability. SunGard's Valdi OMS can be installed in-house or in an ASP environment for cost-effective, on-demand deployments.
Michael Rafferty, president of Rafferty Holdings LLC, said, "Rafferty will use SunGard's Valdi to help capitalize on growth opportunities through multi-asset class trading and low latency access to liquidity. We chose Valdi because we wanted a reliable, turn-key trading solution that has a dedicated and experienced customer service team."
Raj Mahajan, president of SunGard's global trading business, said, "SunGard is committed to creating innovative solutions to help customers stay competitive. Valdi supports every step of the trade lifecycle so that customers can gain economies of scale by utilizing one provider for multiple needs and also helps streamline workflow and increase speed of execution."