DM BOS, the Polish stock exchange member and OTC brokerage house, has chosen SunGard’s Valdi and SunGard Global Network (SGN) for direct market access and global connectivity for its traders.
The deployment will help DM BOS prepare for the launch of the Warsaw Stock Exchange's (WSE) new NYSE Euronext UTP trading platform and help expand its business by offering connectivity to global exchanges and a network of trading participants.
The firm will use Valdi’s automated trading tools for auto-hedging, index arbitrage, market making and contract rollover management.
Przemyslaw Sobotowski, vice president of DM BOS, said, “SunGard proved to be the right technology partner to support our ambitious growth plans. The solution offers broad and deep functional coverage for trading and connectivity platform that will help us connect to the Warsaw Stock Exchange's launch of the NYSE Euronext UTP trading platform later this year.”
DM BOS was the first broker in Poland, and is the current leader of the future contracts market, with roughly 15 percent share of the market in 2011.
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