Erste picks SunGard 29 June 2011London Reporter: Ben Wilkie
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Polish brokerage Erste Securities Polska has selected SunGard's Valdi, a suite of order management and trading solutions that will also help it connect to the Warsaw Stock Exchange. Valdi will help the company to handle rising order volumes and manage client connections quickly and cost-effectively.
SunGard's Valdi Order Management System will help Erste Securities Polska manage complex client and internal order flows, and add new client connections quickly. Erste Securities Polska will also use Valdi’s basket trading functionality and pre-programmed synthetic orders, as well as the functionality to build custom algorithms.
Piotr Pra?mo, member of the Management Board at Erste Securities Polska, said, “We have chosen to strengthen our cooperation with SunGard in order to meet the trading platform changes planned by the Warsaw Stock Exchange. SunGard’s Valdi solutions will be easily integrated with our existing infrastructure, thus helping us provide our clients with faster time-to-market and advanced services cost-effectively."
Raj Mahajan, president of SunGard's global trading business, said, “The dynamic and growing nature of the markets in Central and Eastern Europe means that flexibility of technical infrastructure is of primary importance for any top brokerage house. SunGard’s Valdi solutions can help Erste Securities Polska achieve rapid connections to new clients and add new trading capabilities like algorithms in a straightforward way, enhancing its ability to respond quickly to new and emerging requirements from its clients. SunGard is pleased to be cooperating with Erste Securities Polska to bring the benefits of electronic trading to new markets.”
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