CGD Securities selects SunGard Valdi for Brazilian push

Source: CGD Securities

CGD Securities, a Brazilian division of Caixa Geral de Depósitos, one of the largest banks in Portugal, has selected SunGard's hosted Valdi solution to help grow the firm's business by improving trading efficiency and access to Brazil's financial markets.

CGD Securities is one of the leading online brokerage services firms in Brazil, providing research, sales, and sales trading for equities and derivatives. CGD Securities chose SunGard's SaaS-based Valdi Market Access to help the business grow through easy access to Brazil's BM&FBOVESPA markets. In addition, CGD will use Valdi to help achieve new efficiencies in their trading operations by taking advantage of a hosted solution. 

"Our ambitious development plans required CGD Securities to look for the right solution that combines a high level of local expertise and a strong overall knowledge of international financial markets. SunGard's Valdi Market Access provides CGD Securities with a fully hosted solution, allowing us to focus on growing our business while leaving the day-to-day operation management to SunGard's market specialists." - Alexis Arldt Camara Machado, IT superintendent, CGD Securities

"While looking 'beyond Brazil' remains a motto for many firms trading in Latin America, the strength and size of the Brazilian market continues to attract interest from financial institutions globally, with local players upgrading their technology and looking at regional expansion." - Philippe Carré, global head of connectivity, SunGard's capital markets business

SunGard's Valdi Market Access hosted solution helps to facilitate integrated access to more than 110 trading venues worldwide, with a particular emphasis on Latin America, where SunGard's trading solutions have been present for almost 15 years. The Valdi suite of trading and market data solutions facilitates access to Latin American markets in Brazil, Mexico, the MILA alliance (Chile, Colombia, Peru), and Argentina.

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