SunGard's high-touch execution services trade desk will be consolidated into Valdi Liquidity Solutions offering customers both "high and low touch" trading capabilities.
With this combined offering, customers will have the ability to send orders either to the trade desk to be executed (high touch) or through low latency execution solutions (low touch). SunGard's trade desk manages agency-only equity trades for all types of buy-side customers in the US through execution-only and soft dollar solutions that help provide commission management.
SunGard's Valdi Liquidity Solutions offer execution and clearing services to both buy- and sell-side institutions. This consolidation will help SunGard fulfill customers' trading and commission management needs, all through one broker/dealer relationship. SunGard's brokerage solutions, which include Fox River Execution, a provider of award-winning algorithms, offer traders electronic execution services and access to experienced brokers from one broker/dealer.
Valdi Liquidity Solutions is a member of NYSE Euronext, and provides customers with direct access to NYSE Euronext. This direct membership helps SunGard provide buy-side and sell-side customers with reduced latency when executing and clearing through the broker/dealer by further automating the trade lifecycle.
Bob Santella, president of broker operations for SunGard's global trading business, said, "The consolidation of our broker/dealers will result in a streamlined business model and enhanced customer service. We are particularly pleased to offer more of our customers direct access to the NYSE Euronext, one of the largest exchanges in the world."