Indusval Corretora, a brokerage firm with over 40 years experience in Brazil, has selected SunGard's Valdi for complete trade lifecycle management. Indusval chose Valdi because it provides a robust, multi-asset trading station for order lifecycle management, order sending and monitoring, and real-time P&L calculation.
Relies on SunGard's Valdi for Direct Market Access
Sao Paulo, Brazil, June 20, 2011 -
SunGard's Valdi provides Indusval with a multi-asset trading system for equities and derivatives for its client portfolio. The broker can generate and send orders to the stock market with real-time connectivity, helping it reduce costs and time required for the provision of data and information.
Alexandre Atherino, director of Indusval, said, "With Valdi, we have increased our capacity and flexibility for trading which means we can now help clients achieve higher speed and solvency. Valdi helps us improve efficiency and client service, by providing the ability to offer our clients a low latency multi-asset, multi-region trading station."
Raj Mahajan, president of SunGard's global trading business, said, "SunGard's strategy is to help traders become more successful by providing them with increased automation and the ability to trade multiple asset classes, globally. SunGard's Valdi helps customers like Indusval increase the performance of their executions and strategy adjustments with real-time calculations."
Separately, The Investment Center Inc., three-time award winner for broker-dealer of the year by Investment Advisor Magazine, has selected SunGard's Protegent Social Media Surveillance to help enforce internal social media policies and manage supervisory regulatory requirements. SunGard's Protegent Social Media Surveillance helps firms monitor and archive their employees' content posted to social networking Web sites, such as Facebook, LinkedIn and Twitter. The Investment Center will use Protegent to help increase visibility into their advisors' social networking activity and proactively fulfill regulatory obligations.
The growth in usage of social networking Web sites by securities firms and their advisors combined with evolving regulatory and firm-specific supervisory requirements have resulted in a need for more sophisticated surveillance systems. SunGard'srd's Protegent Social Media Surveillance helps firms adhere to Financial Industry Regulatory Authority (FINRA) supervisory requirements by using automated tools for moderation and pre-approval of content that may be considered as an advertisement. Sell-side broker dealers like the Investment Center can adhere to FINRA books and records surveillance requirements with Protegent's alerting, reporting and archiving capabilities. Protegent helps firms establish and enforce social media policies through a pre-approval content library, lexicon detection and email notifications.
Doug Wright, chief compliance officer of The Investment Center Inc., said, "SunGard's Protegent Social Media Surveillance will help us adhere to regulatory guidelines set forth by FINRA and quickly identify violations that may present risks to our firm. Additionally, one of the main reasons we made the decision to go with SunGard's solution is that, unlike other software solutions, the SunGard system requires no additional adjustments to settings on the various devices used by the firm's advisors accessing and posting to these sites."
Steve Sabin, chief operating officer of SunGard's Protegent business unit, said, "Social networking Web sites can introduce potential risks to regulated firms. Protegent's Social Media Surveillance will help the Investment Center lower overall regulatory risk exposure and enforce internal social media policies."