Polish Broker Taps Valdi for DMA
![Map of Poland Map of Poland](/sites/default/files/styles/landscape_750_463/public/import/IMG/266/103266/poland-580x358.jpg.webp?itok=QDD24_wJ)
Polish broker Centralny Dom Maklerski Pekao S.A. (CDM Pekao) has selected SunGard's Valdi for direct market access (DMA) trading on the Warsaw Stock Exchange (WSE).
"We selected SunGard's Valdi because of its comprehensive functionality and scalable architecture that can support our growth," says Wojciech Rutkowski, president of the management board at CDM Pekao. "A reliable vendor partner like SunGard gives us confidence that we can seamlessly migrate our trading business when the WSE introduces the new NYSE Euronext UTP trading engine later this year, as well as help us fully leverage the engine's new capabilities."
"Many Polish brokers are re-evaluating their technology infrastructures as the move to the Warsaw Stock Exchange's new trading platform gets closer," says Philippe Carré, global head of connectivity for SunGard's capital markets business. "SunGard is helping customers like CDM Pekao by providing the functionality, low latency and scalability that they need to migrate to the exchange's new technology and help expand their business."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
On GenAI, Citi moves from firm-wide ban to internal roll-out
The bank adopted three specific inward-facing use cases with a unified framework behind them.
FactSet-LiquidityBook: The buy-side OMS space continues to shrink
Waters Wrap: Anthony spoke with buy-side firms and industry experts to get a feel for how the market is reacting to this latest tie-up.
Examining Cboe’s lawsuit appealing SEC’s OEMS rule rejection
The Chicago-based exchange has sued the regulator in the Seventh Circuit Court of Appeals after the agency blocked a proposed rule that would change how Silexx is classified.
Lucrative market data deal with LSEG fuels Tradeweb’s record quarter
The fixed-income trading venue realized gains from its 2023 deal with the London Stock Exchange Group, amid soaring revenues from market data providers industry-wide.
Is overnight equities trading a fad or the future?
Competition is heating up in US equity markets as more venues look to provide trading from twilight to dawn. But overnight trading has skeptics, and there are technical considerations to address.
We’re running out of datacenters! (But maybe AI can help?)
The IMD Wrap: Datacenter and cloud adoption is being pushed to its limits by AI. Will we simply run out of space and power building AIs before AI figures out how to fix it?
Regis-TR and the Emir Refit blame game
The reporting overhaul was been marred by problems at repositories, prompting calls to stagger future go-live dates.
Ongoing uncertainty, volatility force new tech approach to collateral management
With market volatility and geopolitical uncertainty here to stay, Nasdaq’s Gil Guillaumey argues that firms must rethink their approach to collateral management.