SunGard launches Valdi Order Validator for risk management

Source: SunGard

SunGard has launched an ultra low latency, real-time order validation engine, Valdi Order Validator, to help meet the needs of brokers offering sponsored access (SPA) or direct market access (DMA) solutions.

Valdi Order Validator provides customers with a risk control platform that helps manage risk without compromising speed. It is a distributed system, providing a centralized view of trading activity and control over multiple routes and access points, supporting collocation at several venues and exchanges.

As electronic trading increases and new regulations are being put into place, brokerage firms require effective risk systems to help them process complex information and comply with regulations. Valdi Order Validator helps broker-dealers and clearing firms monitor and manage trading exposure in real-time to help prevent potential violations of trading limits and position exposure.

Larry Tabb, founder and chief executive officer ofTabb Group, said, "Regulatory rule changes will affect sponsoring and executing brokers by limiting their ability to delegate controls to other parties, requiring them to provide real-time order-level checking. As a result, trading firms will benefit from a provider that offers all of the trading tools needed to manage, execute and clear trades as well as provide real-time risk management. This approach will help firms achieve real-time order-level checking while streamlining the trading lifecycle."

Raj Mahajan, president of SunGard's global trading business, said, "Regulatory changes are occurring rapidly and SunGard is committed to helping customers maximize their ability to manage risk. With Valdi Order Validator, SunGard is helping customers protect their firms by effectively monitoring their order flow and by providing a single view across all clients trading activity in a real-time controllable environment."

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