SunGard has extended its SaaS-based, Valdi market connectivity service with the addition of the Ljubljana Stock Exchange (LJSE).
SunGard's Valdi Market Access Service helps exchange members and their direct market access (DMA) clients access and trade on global exchanges from any Valdi workstation or FIX application. SunGard's Valdi will help Slovenian institutions and remote exchange member firms access and trade LJSE-listed products simply and more cost-effectively.
SunGard's Valdi Market Access service helps exchange members outsource the activities involved in procuring and managing the hardware, software and telecommunication links required for market connectivity. Users also benefit from 24/7 access to local and international markets. It relieves customers of the cost involved in infrastructure ownership and maintenance.
Andrej Šketa, president of the management board of the LJSE, said, "The Ljubljana Stock Exchange is always looking to attract European and global investors. Having joined the Central Eastern Europe Stock Exchange Group (CEESEG), the LJSE and the Slovene capital markets have taken a stronger position in the regional Central & Eastern Europe market and have gained new prospects for growth and development. SunGard's SaaS-based market connectivity service will facilitate greater access to our equities, bonds and other instruments."
Philippe Carré, global head of connectivity for SunGard's capital markets business, said, "European firms and global brokers are looking for new sources of revenue, especially in emerging markets. These include countries in Central & Eastern Europe and around the Mediterranean. SunGard remains committed to delivering connectivity solutions that provide simplicity, cost efficiency and rapid time-to-market for investors and brokers. SunGard's Valdi Market Access Service helps customers reduce the total cost of ownership associated with their connections to these new markets."