OTP Bank Goes Live with Valdi
![philippecarre-tuesday philippecarre-tuesday](/sites/default/files/styles/landscape_750_463/public/import/IMG/329/215329/philippecarre-tuesday-580x358.jpg.webp?itok=ETdSOPQx)
Eastern Europe's OTP Bank has gone live with SunGard's Valdi trading and order management suite of solutions.
The bank's trading floor will use the multi-asset Valdi front-end to connect to the Budapest Stock Exchange for trading equities, commodities and derivatives. It also plans to add access to the Frankfurt Stock Exchange's Xetra trading platform, as well as international markets through Valdi. The firm will also offer brokerage activities through the SunGard Global Network (SGN) for clients interested in trading stocks and contracts listed on the Budapest Stock Exchange.
"We implemented SunGard's Valdi and SGN solutions in order to help automate our trading floor operations," says Robert Barlai, managing director at OTP Bank. "These solutions are helping our trading floor function more effectively on the Budapest Stock Exchange while helping the bank to expand its trading activities beyond Hungary and better serve international clients. We are confident in SunGard's experience and expertise in Central and Eastern Europe as trading activity in the region consolidates onto fewer venues and as trading platforms evolve. SunGard's scalable solutions will support our business in the years to come, both in Hungary and abroad."
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
CME: CFTC OKs clearing move to Google Cloud
The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.